Nongfa Seed Industry's largest shareholder unfreezes 14.36 million shares, accounting for 1.24% of total share capital

MaticHoleFiller · 2026-03-23T13:08:46+00:00

Sino-Farm Seed Industry Group announced that 14.356 million shares held by its largest shareholder, Zhong Ken Company, have been unfrozen on March 18, 2026, following a judicial freeze that was previously imposed due to contract disputes. After the unfreezing, Zhong Ken Company's shareholding restrictions have been completely lifted, which will help stabilize the equity structure.

MaticHoleFiller

2026-03-23 13:08:46

Abstract generation in progress

On March 19, China National Agricultural Reclamation Group Co., Ltd. (Stock Code: 600313, Stock Abbreviation: Nongfa Seed Industry) announced that the 14,356,069 unrestricted circulating shares held by its largest shareholder, China National Agricultural Reclamation Group Co., Ltd. (hereinafter referred to as “CNAR Group”), have been officially unfrozen. The unfreezing date is March 18, 2026.

The announcement states that the shares unfrozen by CNAR Group originated from assets frozen by the Shenzhen Futian District People’s Court in 2018 due to a contract dispute. According to the announcement No. 2018-008 issued by the company on March 7, 2018, 14.3561 million shares of Nongfa Seed Industry held by CNAR Group were judicially frozen. Following the resolution of the related case, the Futian District People’s Court has legally lifted the freeze on these shares.

Shareholder Name
China National Agricultural Reclamation Group Co., Ltd.
—
Shares Unfrozen This Time
14,356,069 shares
Proportion of Shares Held
5.74%
Proportion of Total Company Share Capital
1.24%

As of the date of the announcement, CNAR Group held a total of 250,250,000 Nongfa Seed Industry shares, all of which are unrestricted circulating shares, accounting for 21.55% of the company’s total share capital. After this unfreezing, the remaining frozen shares held by CNAR Group have been reduced to zero, indicating that all of its Nongfa Seed Industry shares are now free of judicial restrictions.

The Nongfa Seed Industry Board of Directors emphasized in the announcement that the company and all directors guarantee that the content of this announcement is free from false records, misleading statements, or major omissions, and bear legal responsibility for the authenticity, accuracy, and completeness of the content. Market analysts pointed out that the unfreezing of shares by major shareholders is beneficial for improving the stability of the company’s equity structure and eliminating potential liquidity restrictions.

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