According to Mubang Hi-Tech's announcement, the controlling shareholder Mubang New Energy Holdings held 697.23,600 shares of the company were suspended pending judicial suspension by the Nanchang Intermediate People's Court of Jiangxi Province on December 26, 2025, accounting for 100% of its shares and 16.08% of the company's total share capital. As of December 29, the total number of frozen shares was 697.23,600, accounting for 100% of its holdings. This freeze is due to the fact that they applied for asset preservation in order to guarantee the pre-restructuring process. Currently, the exercise of shareholders' rights is not affected, but if shares are enforced, the company may face the risk of instability or change in control.

According to Mubang Hi-Tech's announcement, the controlling shareholder Mubang New Energy Holdings held 697.23,600 shares of the company were suspended pending judicial suspension by the Nanchang Intermediate People's Court of Jiangxi Province on December 26, 2025, accounting for 100% of its shares and 16.08% of the company's total share capital. As of December 29, the total number of frozen shares was 697.23,600, accounting for 100% of its holdings. This freeze is due to the fact that they applied for asset preservation in order to guarantee the pre-restructuring process. Currently, the exercise of shareholders' rights is not affected, but if shares are enforced, the company may face the risk of instability or change in control.