On the evening of May 21, Wingtech Technology announced that actual controller Zhang Xuezheng purchased 499,930 shares via centralized bidding trading system on Shanghai Stock Exchange. The holding accounts for 0.04% of total share capital, with total investment reaching 8,364,035.88 yuan. The move delivers strong confidence in corporate long-term prospects.
The company was imposed special risk warning since May 6. Certified public accountants failed to deliver valid audit opinions on its 2025 financial statements and internal control reports. Trading fluctuation limit was adjusted to 5%, and the stock plunged for 11 consecutive trading days with sharp market value shrinkage.
A sharp reversal took place on May 21. The stock opened at limit down price and rebounded rapidly. It hit upside limit during trading and finally closed at 5% gain, ending the sustained downtrend and improving market sentiment.
Prior to the share purchase, Nexperia released an official statement overseas on May 20, responding to financial performance queries from investors. The firm stated it has no intention to harm shareholder benefits. Relevant litigation aimed to rectify improper management behavior. Multiple negotiation invitations were proposed yet gained no positive feedback. Currently most product deliveries resume steady status after supply chain adjustment.
Disputes over Nexperia controlling rights lie at the heart of the crisis. Relevant overseas court rulings suspended Zhang Xuezheng’s management authority last October. Restricted access to core assets caused audit obstacles and irregular financial reports, bringing huge operational risks to the listed firm.
The capital injection from major shareholder and official statement from core subsidiary ease market concerns. Practical share purchase stabilizes investor sentiment, while business updates prove stable daily operation, creating favorable turning points for the troubled enterprise.
ICgoodFind ：Wingtech faces delisting pressure. Stake increase and official response ease short-term risks. Control right disputes remain key challenges affecting corporate development.
