On August 14th, Global Link Education Holding Limited (00360.HK) announced that, according to the information displayed on China's National Enterprise Credit Information Publicity System and the written response from Qingdao Guorui Chunxi Industrial Co., Ltd. ("Qingdao Guorui") to the Company, 100% equity of Shenzhen Daodu Industry Co., Ltd. ("Shenzhen Daodu") held by Qingdao Guorui has been frozen for a period of three years since July 18, 2024. This arrangement is related to a private lending dispute between Shenzhen Daodu, Qingdao Guorui and Shenzhen Shanglutong Network Technology Co., Ltd. ("Shenzhen Shanglutong") as the applicant.
As of the date of this announcement, Shenzhen Daodu holds all the equity of Hong Kong Daodu Industry Co., Ltd., the controlling shareholder of the Company. Hong Kong Daodu owns 10,449,312,134 shares of the Company, accounting for approximately 60.69% of the total number of shares issued by the Company.