Mobang High-Tech: The funds of its wholly-owned subsidiary bank account have been frozen

Jin10 Data, September 30th - Mubang High-tech announced that its wholly-owned subsidiary, Guangxi Mubang High-tech New Energy Co., Ltd., had its bank account frozen, involving an amount of 663,000 yuan. The freeze was mainly due to the application for property preservation by Wuxi Xiandao Intelligent Equipment Co., Ltd. The company has not yet received any relevant legal documents. The frozen amount accounts for 0.09% of the audited net assets at the end of 2023 and 0.03% of the net assets at the end of the first half of 2024. The company will actively communicate with relevant parties to negotiate the lifting of the account freeze as soon as possible and minimize the impact on the company.

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