Différend de divorce ! Les actions du contrôleur réel sont gelées

Century Hengtong (301428) Chairman Yang Xinghai’s 11.33 million shares (32.81% of his holdings) have been judicially frozen due to a divorce dispute.

Part of the Chairman’s shares are judicially frozen

On the evening of March 18, Century Hengtong announced that through the Shenzhen branch system of China Securities Depository and Clearing Corporation Limited, it was found that some shares held by the company’s controlling shareholder, actual controller, and chairman Yang Xinghai had recently been frozen by judicial order. The frozen shares amount to 11.33 million, representing 32.81% of his holdings and 11.48% of the total share capital of the company. It is understood that the freezing of Yang Xinghai’s shares is mainly due to his personal divorce dispute with his spouse. As of the disclosure date, Yang Xinghai held 34.53 million shares, accounting for 35%. The judicial freezing period for these shares is from March 17, 2026, to March 16, 2029.

Century Hengtong stated that, so far, Yang Xinghai has not received any written materials or legal documents from the Shenzhen Futian District People’s Court regarding the judicial freezing of the aforementioned shares.

Vice General Manager and Chief Financial Officer just resigned

In early March, Century Hengtong had just announced that the board of directors of Century Hengtong Technology Co., Ltd. recently received a resignation letter from Vice General Manager and CFO Lei Fuquan. Due to reaching the statutory retirement age, Lei Fuquan officially applied to resign from his positions as Vice General Manager and CFO. After resigning, he will no longer hold any positions in the company or its subsidiaries. Nominated by General Manager Yang Xingrong, the nomination committee and audit committee of the board of directors reviewed and approved the appointment of Ms. Lü Haiying as the company’s Chief Financial Officer, with a term starting from the date of approval by the board until the end of the fourth board term.

First annual loss since listing in 2025

Century Hengtong is a company focused on information technology services. Relying on its independently developed technology platform and extensive service network, it provides value-added and business expansion services to large enterprises with massive individual users, including financial institutions, telecom operators, internet companies, and Gaosu Group. The company was listed on the ChiNext board of the Shenzhen Stock Exchange on May 19, 2023. In its first year after listing, Century Hengtong achieved impressive results with both revenue and net profit increasing; however, it showed signs of fatigue in the second year, with net profit attributable to the parent decreasing by 23.55% to 61.9088 million yuan in 2024. On January 30 this year, the company forecasted a net loss of 35 to 60 million yuan for 2025, marking its first annual loss since going public.

Century Hengtong stated that the company and its subsidiaries received tax decision notices and tax notification letters from tax authorities, requiring additional tax payments of 71.43 million yuan and late fees of 23.5016 million yuan. The additional payments will be included in the current period’s profit and loss for 2025, and are expected to reduce the net profit attributable to shareholders of the listed company by about 80 million yuan in 2025.

During the reporting period, the company continued to optimize its business portfolio and resource allocation, focusing on strategic investments in emerging potential businesses. These adjustments have had a temporary impact on operating performance, causing a year-on-year decline in overall revenue and a narrowing of profit margins.