Guotong Co., Ltd. announced that recently, the company's three bank accounts were frozen, including 1 basic account and 2 general accounts. The total amount requested to be frozen was 230 million yuan. In fact, 691,900 yuan was frozen. The reason for the freeze was a financial loan contract dispute. After the company raised an objection to execution, the Second Intermediate People's Court of Hainan Province agreed to lift the freeze and rescind the execution. The account has now been unfrozen. The freeze did not have a significant impact on the company's business, capital turnover and operations.

Guotong Co., Ltd. announced that recently, the company's three bank accounts were frozen, including 1 basic account and 2 general accounts. The total amount requested to be frozen was 230 million yuan. In fact, 691,900 yuan was frozen. The reason for the freeze was a financial loan contract dispute. After the company raised an objection to execution, the Second Intermediate People's Court of Hainan Province agreed to lift the freeze and rescind the execution. The account has now been unfrozen. The freeze did not have a significant impact on the company's business, capital turnover and operations.