Fuzhou Intermediate Court dismissed Bitmain ’s appeal, and the application for property preservation by the Zhanke regiment is still valid

The Intermediate People’s Court of Fuzhou City, Fujian Province rejected the appeals filed by Bitmain and its subsidiary Fujian Zhanhua Intelligent Technology Co., Ltd., and supported the civil ruling made by the People’s Court of Changle District of Fuzhou City in support of the Zhanke regiment’s request to freeze the share of shares. Previously, Fujian Zhanhua Intelligent Technology Co., Ltd. and Beijing Bitmain Technology Co., Ltd. based on the qualification of shareholders to confirm disputes out of the value of equity should be subject to the jurisdiction of the Fuzhou Intermediate People ’s Court, and appealed to the Fuzhou Intermediate People ’s Court of Fujian Province for revocation The civil ruling of the Fuzhou Changle District People’s Court, but the Fuzhou Intermediate People’s Court believed that Bitmain did not provide supporting evidence and rejected the appeal. The appeal was dismissed, which meant that the Zhanke regiment’s request to freeze the 36% share of Fujian Zhanhua Intelligent Technology Co., Ltd. held by Beijing Bitmain Technology Co., Ltd. remained in effect. The equity value was RMB 3.6 million and the freezing period was two years.

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