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Tian Di Digital Equipment co-founder Han Qiong's 6.06 million shares frozen over post-divorce property dispute
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On September 21, Hangzhou Tian Di Digital (300743.SZ) announced that one of its actual controllers, Han Qiong, had 6.0582 million of his shares in the company frozen by the Hangzhou Gongshu District People's Court due to a personal post-divorce property dispute. The frozen shares account for 42.88% of his personal holdings and 4.01% of the company's total shares, with the freeze effective from September 18, 2026 to September 18, 2029. The dispute stems from Han Qiong's divorce from his ex-wife Li Zhuoya, which began in 2020 when Li sued for divorce and property division. A court-mediated settlement in August 2020 saw Han transfer 5 million shares to Li. The company stated the freeze has no major impact on its production or control. As of the announcement, Han Qiong and Liu Jianhai are the actual controllers, holding 9.34% and 11.25% respectively, with Han and his concert parties holding 23.45% total. Tian Di Digital is a national high-tech enterprise specializing in thermal transfer ribbon products. In the first half of 2026, it reported revenue of 478 million yuan (up 10.97% year-on-year) and net profit of 67.31 million yuan (up 7.52%). The stock closed at 14.33 yuan per share on September 21, up 1.92%.
Source report
Date: September 21, 2026 Source: The Paper
On September 21, Hangzhou Tiantian Digital Co., Ltd. (Tiantian Digital, 300743.SZ) disclosed in a filing that a portion of shares held by Han Qiong, one of the company's actual controllers, had been judicially frozen due to a personal post-divorce property dispute.
According to the announcement, Tiantian Digital learned through the system of China Securities Depository and Clearing Corporation Limited (CSDC) Shenzhen Branch that 6.0582 million shares held by Han Qiong were frozen by court order. This represents 42.88% of his personal shareholding and 4.01% of the company's total share capital. The freeze period runs from September 18, 2026, to September 18, 2029, and was applied by the Hangzhou Gongshu District People's Court.
The company stated that, based on its understanding, the share freeze was primarily caused by Han Qiong's personal post-divorce property dispute. As of the announcement date, Han Qiong himself had not yet received any written notice regarding the judicial freeze or relevant legal documents from the Hangzhou Gongshu District People's Court.
Background of the Divorce Dispute
Previous filings show that the divorce-related equity dispute between Han Qiong and his ex-wife Li Zhuoya dates back to 2020. On June 30, 2020, Tiantian Digital disclosed that Li Zhuoya had filed a lawsuit with the Hangzhou Xihu District People's Court, requesting the dissolution of their marriage and the lawful division of related assets, including approximately 15.0127 million shares of the company held by Han Qiong.
Following court mediation, both parties reached a voluntary divorce and property settlement agreement: Han Qiong agreed to transfer 5 million shares of Tiantian Digital to Li Zhuoya. The non-trading transfer registration for the share division was completed on August 31, 2020.
Company Impact and Ownership Structure
Tiantian Digital stated that the judicial freeze of Han Qiong's shares is primarily due to his personal post-divorce property dispute and has no significant impact on the company's production and operations. The freeze is not expected to affect the company's control structure at this time.
As of the announcement date, the actual controllers of Tiantian Digital are Han Qiong and Liu Jianhai, holding 9.34% and 11.25% of shares, respectively. Han Qiong and Li Zhuoya are parties acting in concert, with Li Zhuoya currently holding 2.85% of shares. Han Qiong and his concert parties collectively hold 23.45% of the company's shares.
Company Profile and Financial Performance
Tiantian Digital is a national high-tech enterprise specializing in the research, development, production, and sale of thermal transfer ribbon products.
In the first half of 2026, the company reported:
- Operating revenue: RMB 478 million, up 10.97% year-on-year
- Net profit attributable to shareholders: RMB 67.3133 million, up 7.52% year-on-year
As of September 21, Tiantian Digital's stock closed at RMB 14.33 per share, up 1.92%.
Source
东方财富网-A股公司Neutral / independent
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TianDi Digital co-founder Han Qiong’s 6.06 million shares frozen over post-divorce dispute