威士顿(301315.SZ)实控人茆宇忠办理离婚，外籍前妻XU XIANGFENG分走逾9亿元股份

Core Viewpoint - The announcement of a significant share division due to the divorce of the actual controller of Weidun, Mao Yuzhong, raises concerns about potential impacts on the company's governance and stock performance, despite assurances that control remains stable [1][3]. Group 1: Shareholder Changes - Mao Yuzhong transferred 20 million shares (22.73% of total shares) to his ex-wife Xu Xiangfeng, valued at approximately 928 million yuan based on the closing price of 46.40 yuan per share on April 18 [1]. - Following the transfer, Mao's direct shareholding decreased to 10.91%, while Xu became a significant shareholder with 22.73%, but their combined ownership remained unchanged at 33.64% [1]. - To maintain control stability, Mao and Xu signed a "Joint Action Agreement" to ensure consistent voting on major decisions at shareholder meetings [1]. Group 2: Regulatory and Market Context - The shares transferred are subject to lock-up conditions, preventing transfer or management delegation for 36 months post-IPO, which began in June 2023 [2]. - Mao Yuzhong, the founder and former chairman, resigned in January 2025 due to health reasons, and his past controversies, including a brief detention, have drawn market attention [2]. - Weidun's stock price peaked at 99 yuan post-IPO but has since declined, with a current market capitalization of approximately 4.08 billion yuan, reflecting a nearly 60% decrease from its peak [2]. Group 3: Investor Sentiment and Market Implications - Investors express concerns over the high-value share division and potential future sell-offs by Xu, which could negatively impact stock prices [3]. - The phenomenon of "divorce-related share reductions" has sparked regulatory scrutiny, with the China Securities Regulatory Commission tightening rules to prevent exploitation of marital changes for stock liquidation [3]. - While Weidun asserts that the divorce does not affect operations, ongoing performance volatility and frequent shareholder actions contribute to long-term uncertainty for the company [3].