HC Group Inc. (02280) released information regarding a freezing order imposed on certain shares of its indirect non-wholly owned subsidiary, Beijing Panpass Information Technology Co., Ltd. According to the announcement, a total of 45,405,734 shares—accounting for approximately 64.20% of Beijing Panpass’s issued shares—held by Beijing Huicong Zaichuang Technology Co., Ltd. became subject to this freezing order. Additionally, 6,234,056 shares—about 8.81% of Beijing Panpass’s issued shares—held by Tianjin Juxin Zhongcheng Information Consultation Partnership (Limited Partnership) were also affected.

The valid period for the freezing order extends from 24 February 2026 to 23 February 2029. Beijing Panpass currently considers that this development does not produce a material adverse impact on its ordinary course of business. The group is closely monitoring the situation and will make further announcements when appropriate. Shareholders and potential investors are advised to exercise caution when dealing in the securities of HC Group Inc.