China Qidian Guofeng Holdings Limited (1280) has released further details on legal proceedings regarding its subsidiary Anhui Four Seas and its controlling shareholder, Yangzhou Huiyin Commercial Chain. According to a civil ruling dated 24 October 2025 under Case Number (2025) Wan 0403 Min Chu No.1947, the People’s Court of Tianjiaan District, Huainan City, approved the preservation of Yangzhou Huiyin Commercial Chain’s assets up to RMB61,076,715. The preserved assets include, among others, bank accounts, real estate, vehicles, stocks, and online holdings.

If Yangzhou Huiyin Commercial Chain fails to fulfill payment obligations set forth in the effective Huainan Jianle Judgment, the opposing party may apply for compulsory enforcement. The ruling also allows any concerned party to seek a review within five days of receiving the ruling, though this does not suspend execution of the preservation measures.

Official information indicates that the enforcement of the pledge over the 65% equity interest of the subsidiary would constitute a forced sale pursuant to court order. It is not viewed as a transaction requiring compliance with Chapter 14 of the Listing Rules. Management states that this development is a procedural step in the enforcement process and, at present, does not materially affect operations, financial position, or cash flows. Further announcements will be made should any significant changes arise.