ST Erya announced that 16.31 million company shares held by its controlling shareholder, Hubei Meierya Group, have been judicially frozen, accounting for 22.22% of its holdings and 4.53% of the company's total share capital. The freeze is a litigation preservation measure ordered by the Xialu District People's Court of Huangshi City under a civil ruling, with the applicant being Huangshi Ruihuize Technology Co., Ltd. The cumulative judicially frozen shares of controlling shareholder Meierya Group and actual controller Zheng Jiping total 70.43 million, representing 90.36% of their holdings and 19.56% of the company's total share capital. The cumulative pledged shares total 4.5519 million, representing 5.84% of their holdings and 1.26% of the company's total share capital. The cumulative judicially marked shares total 2.7028 million, representing 3.47% of their holdings and 0.75% of the company's total share capital. The company stated that if these shares are subsequently disposed of, there may be a risk of affecting the stability of the company's control. In the first quarter of 2026, ST Erya achieved revenue of 81.05 million yuan and net profit attributable to the parent company of 3.74 million yuan.
Hubei Mailyard Share Co LtdControlling shareholder's shares judicially frozen, risking control stability.
