July 7，Xinhualian issued an announcement that the company’s shares were waiting to be frozen，Company 2 held by controlling shareholder Xinhualian Holdings.9.7 billion shares frozen by judicial waiting list，Accounting for 25% of its shares.58%，Accounting for 15% of the company’s total share capital.65%，The starting date of waiting list freeze is July 6, 2021，The waiting period is 36 months。And the number of pledged shares、The number of frozen shares accounts for more than 80% of the number of Xinhualian shares held。

188bet app As of the announcement disclosure date，Number of shares held by Xinhualian Holdings 11.6 billion shares，Accounting for 61% of the company’s total share capital.17%，A total of 11 frozen and waiting to be frozen.6 billion shares，accounts for 100% of the total number of shares in the company it holds，Accounting for 61% of the company’s total share capital.17%。

Xinhualian said，The company has not yet received information that the above-mentioned frozen shares have entered judicial disposal procedures，Therefore, Xinhualian Holdings’ control over the company has not been affected；If the shares held by the company are judicially disposed of，There is a risk of change of actual control。

According to the announcement，Affected by the new coronavirus epidemic in 2020，New Hualian Holdings has liquidity risk，Part of the debt has expired but has not been paid off，It has established the New Hualian Group Creditors Committee in 188bet sports betting app download May 2020，The intermediary agency hired by the debt committee has drafted a debt resolution plan，Already submitted to the Presidium of the Debt Committee and major creditors for discussion，New Hualian Holdings will act in concert in accordance with the debt restructuring plan finally formed by the debt committee，Maintain the normal operation of the enterprise，Steadily resolving debt risks。