CHINA EB LTD (00165.HK): 137.99 Million Everbright Securities A Shares Frozen Under RMB 1.89 Billion Preservation Order

NewTimeSpace News: On 10 November 2026, China Everbright Limited (stock code: 00165) announced, pursuant to Rule 13.09 of the Listing Rules and the inside information provisions of Part XIVA of the Securities and Futures Ordinance, that on 4 November 2026 it received a civil ruling dated 28 October 2026 from the Chongqing High People's Court under case number (2026) Yu Min Zhong No. 220, concerning an application by Fang Ming (the plaintiff) on 9 October 2026 for property preservation and release of preservation over the litigation on the Yingli International Real Estate equity transfer dispute and the Company's appeal.

The announcement disclosed that, under the ruling, the court froze 137,987,053 A shares of Everbright Securities Company Limited (Shanghai Stock Exchange code: 601788) held by the Company up to RMB 1,887,662,890.71, with bonus shares, capitalisation shares, cash dividends and other proceeds arising during the freeze also frozen, and released preservation measures over property held by Chongqing Yingli Real Estate Development Co., Ltd. and Chongqing Yingli Qipaifang Property Co., Ltd. The ruling took immediate effect; the Company may apply once for reconsideration, which does not suspend enforcement.

The Company stated that the shares were frozen on 30 October 2026 for a period expiring on 29 October 2029. The freeze restricts disposal of the shares and receipt of corresponding dividends, but does not affect the Company's legal and beneficial ownership or the carrying value of the Group's assets.

The Company stated that, as at the date of the announcement, the shares represent about 14.4% of its holding in Everbright Securities, about 3.0% of Everbright Securities' total issued share capital and about 3.5% of its issued A shares; based on the A-share closing price of RMB 13.75 on 9 November 2026, their market value is about RMB 1.897 billion, equal to about 6.5% of the Company's unaudited net assets of HKD 33.468 billion as at 30 June 2026. The Company said it does not expect a material adverse impact on the Group's operations, financial position or overall solvency, and has applied for reconsideration while its appeal remains under review with no judgment received.