diff --git a/docs/SPEC.md b/docs/SPEC.md
index f356d244..ca725728 100644
--- a/docs/SPEC.md
+++ b/docs/SPEC.md
@@ -256,7 +256,7 @@ All in `PM/commonTest`, so they run wherever the interpreter loads.
   `Owner.Companion` (`Owner.<CompanionName>` for a named companion), read as an attribute of the owner's
   proxy class or of its module. When the companion lists the owner as a direct supertype in its Kotlin
   metadata (`Modifier.Companion : Modifier`) the value is an `Owner` proxy instance (`isinstance` holds),
-  otherwise a proxy of the companion's own type. Each read returns a new handle to the same Kotlin object. Two proxies are `==` when they hold the same
+  otherwise a proxy of the companion's own type. An explicit `import pkg.Owner` of the same-named module keeps the class on the parent package (the module stays in `sys.modules`), so `import pkg.Owner as M` binds the class (#323). Each read returns a new handle to the same Kotlin object. Two proxies are `==` when they hold the same
   Kotlin object (reference identity) and hash by its identity hash; `is` is not guaranteed; Kotlin
   `equals` and `hashCode` are not used (value equality is not provided). On wasmJs, which has no
   identity hash, the hash is the object's `hashCode()`, so there a mutable object that overrides it
diff --git a/python-multiplatform-gradle-plugin/fixtures/artifact/src/desktopTest/kotlin/fixture/artifact/WalkedArtifactCompanionHandleTest.kt b/python-multiplatform-gradle-plugin/fixtures/artifact/src/desktopTest/kotlin/fixture/artifact/WalkedArtifactCompanionHandleTest.kt
index e2ed568a..a53e3889 100644
--- a/python-multiplatform-gradle-plugin/fixtures/artifact/src/desktopTest/kotlin/fixture/artifact/WalkedArtifactCompanionHandleTest.kt
+++ b/python-multiplatform-gradle-plugin/fixtures/artifact/src/desktopTest/kotlin/fixture/artifact/WalkedArtifactCompanionHandleTest.kt
@@ -57,4 +57,62 @@ class WalkedArtifactCompanionHandleTest {
             """.trimIndent(),
         )
     }
+
+    // Issue #323: an explicit `import androidx.compose.ui.Modifier` makes the import system bind the
+    // module onto its parent after the loader returns; the class must stay. Each test first drops the
+    // module from sys.modules so the adapter's finder path (the one that sets the parent attribute) runs.
+    private val dropModule = """
+        import sys
+        import androidx.compose.ui as _ui
+        sys.modules.pop('androidx.compose.ui.Modifier', None)
+        """.trimIndent()
+
+    @Test
+    fun explicitImportOfTheSameNamedModuleKeepsTheClass() {
+        Python3.exec(
+            dropModule + "\n" + """
+            import androidx.compose.ui.Modifier
+            from androidx.compose.ui import Modifier
+            assert isinstance(Modifier, type), type(Modifier)
+            assert isinstance(Modifier.Companion, Modifier), type(Modifier.Companion)
+            """.trimIndent(),
+        )
+    }
+
+    @Test
+    fun classFirstThenExplicitImportKeepsTheClass() {
+        Python3.exec(
+            dropModule + "\n" + """
+            from androidx.compose.ui import Modifier
+            import androidx.compose.ui.Modifier
+            import androidx.compose.ui as _ui2
+            assert _ui2.Modifier is Modifier, type(_ui2.Modifier)
+            assert isinstance(Modifier.Companion, Modifier)
+            """.trimIndent(),
+        )
+    }
+
+    @Test
+    fun alreadyImportedModuleKeepsTheClass() {
+        Python3.exec(
+            """
+            import androidx.compose.ui.Modifier
+            import androidx.compose.ui.Modifier
+            from androidx.compose.ui import Modifier
+            assert isinstance(Modifier, type), type(Modifier)
+            """.trimIndent(),
+        )
+    }
+
+    @Test
+    fun importAsBindsTheClass() {
+        Python3.exec(
+            dropModule + "\n" + """
+            import androidx.compose.ui.Modifier as M
+            from androidx.compose.ui import Modifier
+            assert M is Modifier, M
+            assert isinstance(M.Companion, M)
+            """.trimIndent(),
+        )
+    }
 }
diff --git a/python-multiplatform/src/commonMain/kotlin/python/multiplatform/ffi/pythonx/PythonxAdapter.kt b/python-multiplatform/src/commonMain/kotlin/python/multiplatform/ffi/pythonx/PythonxAdapter.kt
index eef800ae..25aa786c 100644
--- a/python-multiplatform/src/commonMain/kotlin/python/multiplatform/ffi/pythonx/PythonxAdapter.kt
+++ b/python-multiplatform/src/commonMain/kotlin/python/multiplatform/ffi/pythonx/PythonxAdapter.kt
@@ -2325,6 +2325,7 @@ object PythonxAdapter {
             # Names adapted by a previous install are stale with it; the fresh `__getattr__` below
             # re-resolves each on first use. Only this layer's own -- see `_drop_adapted`.
             _drop_adapted(module)
+            _guard_parent(module)
             if kotlin_package is None:
                 # A step on the way to a package that has bindings, carrying none of its own.
                 return module
@@ -2335,6 +2336,32 @@ object PythonxAdapter {
             return module
 
 
+        def guarded_setattr(self, name, value):
+            '''`__setattr__` of a package module (issue #323). The import system binds a freshly
+            imported submodule onto its parent *after* the loader returns
+            (`importlib._bootstrap._find_and_load_unlocked`), so `import pkg.Owner` would replace the
+            proxy class `pkg.Owner` with the module of statics. When `class_wins_over_module` holds
+            for that name, the class is bound instead; the module stays in `sys.modules`. Only
+            writes pay for this; reads never reach it.'''
+            if isinstance(value, _types.ModuleType):
+                qualified = self.__name__ + '.' + name
+                if value.__name__ == qualified and class_wins_over_module(qualified):
+                    value = _proxy_type(qualified)
+            _types.ModuleType.__setattr__(self, name, value)
+
+
+        def _guard_parent(module):
+            kind = type(module)
+            if not getattr(kind, '_pm_owned', False):
+                kind = type(
+                    '_PmModule_' + module.__name__.replace('.', '_'),
+                    (kind,),
+                    {'_pm_owned': True},
+                )
+                module.__class__ = kind
+            kind.__setattr__ = guarded_setattr
+
+
         def adapt_existing_modules():
             '''Adapt every already-imported module a bound package names.
 
diff --git a/python-multiplatform/src/commonMain/kotlin/python/multiplatform/ffi/upcall/PythonProxySource.kt b/python-multiplatform/src/commonMain/kotlin/python/multiplatform/ffi/upcall/PythonProxySource.kt
index 0e8d0dd9..c815d598 100644
--- a/python-multiplatform/src/commonMain/kotlin/python/multiplatform/ffi/upcall/PythonProxySource.kt
+++ b/python-multiplatform/src/commonMain/kotlin/python/multiplatform/ffi/upcall/PythonProxySource.kt
@@ -438,6 +438,11 @@ object PythonProxySource {
                 (_pm_types.ModuleType,),
                 {'_pm_owned': True},
             )
+            # Issue #323: the binding layer's write guard, so `import pkg.Owner` cannot replace the
+            # proxy class `pkg.Owner` on this module. Writes only; reads are unchanged.
+            _guard = getattr(_pm_sys.modules.get('python_multiplatform.binding'), 'guarded_setattr', None)
+            if _guard is not None:
+                _t.__setattr__ = _guard
             _mod.__class__ = _t
             return _t