In 2019, the situation of hammer technology has not improved. Following a recent ruling by the People’s Court of Hexi District of Tianjin to
freeze the property of Beijing Hammer Digital 15778654.99 yuan, Hammer Science and Technology received a civil ruling issued by the Daxing District People’s Court.
According to the information of China Judicial Documents Network, Lixun Precision Industry Co.,
Ltd. applied to the court for property preservation because of disputes over sales contracts with Beijing Hammer Digital Technology Co.,
Ltd. and the deposit of Hammer Technology Co., Ltd. was frozen at 2.65 million yuan. It is
reported that this is the third property freeze preservation case recently encountered by Hammer Technology.
Not long ago, Aoyin Technologies (Beijing) Co., Ltd. applied for freezing the property of Beijing
Hammer Digital Technology Co., Ltd. and frozen 4.5 million yuan of Hammer Technologies.
On March 3, Tianjin Hexi District People’s Court ruled that Beijing Hammer Digital 15778654.99 yuan was taken to protect its
property due to a dispute between Tianjin Dongshengtai Electronics Co., Ltd. and Beijing Hammer
Digital Co., Ltd. in terms of sales contract. Ping An Property Insurance Company provided guarantee.
Meanwhile, according to Sina Technologies, Luo Yonghao, CEO of Hammer Technologies,
has frozen his shares in Chengdu Hammer Technologies Group, involving 100 million yuan.
According to Tian Eye Check, Chengdu Hammer Technology Group Co., Ltd. added a new information on judicial assistance. The People’s
Court of Liuyang City, Hunan Province, recently frozen Luo Yonghao’s shares in Chengdu Hammer
Science and Technology Group, involving a total of 100 million yuan. The freezing date is from 3 January 2019 to 2 January 2021.
In fact, in December 2018, Luo Yonghao’s shares in Hammer Science and Technology were
frozen by the People’s Court of Liuyang City, Hunan Province, from December 17, 2018 to December 16, 2020.