Zhitong Financial and Economic APP News, Tianlong Group (300063.SZ) issued a notice that the company received notice from Feng Yi, the controlling shareholder, actual controller, chairman and general manager of the company. Zhaoqing Honglinyuan Trading Co., Ltd. (hereinafter referred to as "Zhaoqing Honglinyuan") received an "enforcement order" issued by the Gaoyao District people's Court of Zhaoqing City, Guangdong Province (hereinafter referred to as Gaoyao Court). The high court held 40% equity interest in Yunnan Tianlong Forest products Chemical Co., Ltd. (hereinafter referred to as Yunnan Tianlong Forest products Chemical Co., Ltd.), Guangxi Jinxiu Songyuan Forest products Co., Ltd. (hereinafter referred to as "Songyuan Forest products"), and Yunnan Meisenyuan Forest products Technology Co., Ltd. (hereinafter referred to as "Meisenyuan Forest products") held by Yunnan Senyuan Chemical Co., Ltd. (hereinafter referred to as "Meisenyuan Forest products"). Delivered to the executor Zhaoqing Honglinyuan to pay off the debt.
Before the above ruling came into effect, the ownership structure of Yunnan Tianlong, Songyuan Forest products and Meisenyuan Forest products was all 60% held by the company and 40% held by Sengyuan Chemical Co., Ltd. After the above ruling came into effect, the ownership structure of Yunnan Tianlong, Songyuan Forest products and Meisenyuan Forest products was changed to 60% of the company's shareholding, while Zhaoqing Honglinyuan held 40%. Because Zhaoqing Honglinyuan is an enterprise controlled by Feng Yi, Yunnan Tianlong, Songyuan Forest products and Meisenyuan Forest products are the controlling subsidiaries of the company. according to the relevant provisions of the rules on the listing of stocks on the gem of Shenzhen Stock Exchange and the relevant provisions of the guidelines on self-discipline Supervision of companies listed on Shenzhen Stock Exchange No. 7-Trading and related Party transactions, after the implementation of the above-mentioned court ruling, the company and related parties constitute related joint investment.