Sealand Securities, the securities company continuously supervised by Huafu Energy Storage Co., LTD. (hereinafter referred to as "Huafu Energy Storage"), recently announced that, according to the "Securities Pledge Loan and Judicial Freeze Statistical Form" provided by Jiangsu Huafu Energy Storage New Technology Application Co., LTD. (hereinafter referred to as "Huafu Energy Storage") as of November 30, 2022, The total number of frozen shares held by Jiangsu Huafu Investment Holding Co., LTD., the largest shareholder of Huafu Energy Storage Company, is 12,000,000 shares, accounting for 11.96% of the total market value of Huafu Energy Storage Company. If the frozen shares are exercised, the largest shareholder of the company may change.

The relevant risks do not affect the company's ability to continue operation and will not trigger the mandatory termination of listing.
The total number of frozen shares of Huafu Energy Storage held by Jiangsu Huafu Holding Group Co., Ltd. is 12 million.
If the frozen shares are exercised, it may lead to a change in the company's largest shareholder.
The company disclosed the semi-annual report for 2022, showing that the net profit attributable to shareholders of the listed company in the first half of 2022 was -113,622.43 yuan, which was lower than the loss of the same period last year.
According to the data, Huafu Energy Storage is mainly engaged in the integrated production of energy storage materials, energy storage batteries and energy storage systems.
Source: Dig shellfish net Author: Bai Ying