Sunway(SH:603333) Zhong Guo Jing Ying Bao·2025-05-23 13:41Core Viewpoint - The controlling shareholder of Shangwei Co., Ltd. (603333.SH), Li Guangsheng, has been ordered to pay over 160 million yuan due to a stock transfer dispute with Leshan High-tech Investment Development (Group) Co., Ltd. [2][6] Group 1: Stock Transfer Details - In November 2021, Li Guangsheng signed agreements to transfer approximately 68.23 million shares of Shangwei, representing 13.2% of the total share capital, to Leshan High-tech Investment [3][4] - The transfer was completed in two phases, with the first phase involving approximately 38.99 million shares completed by December 2021 and the second phase involving approximately 29.24 million shares completed by January 2022 [4][5] - Following the transfers, Li Guangsheng's direct shareholding in Shangwei decreased to 14.11%, while Leshan High-tech's stake increased to 10.98% [5] Group 2: Legal Proceedings and Financial Implications - Li Guangsheng was ordered to pay a base compensation of approximately 162 million yuan and a penalty of about 6.49 million yuan due to the stock transfer dispute [6][7] - The court ruling allows Leshan High-tech to auction or sell 15 million shares held by Li Guangsheng to recover the owed amount [6] - The stock transfer price was set at 7.03 yuan per share, totaling approximately 480 million yuan for both transfers [8] Group 3: Impact on Company Operations - Despite the legal issues, the company stated that the ruling does not affect the rights of the controlling shareholder or the normal operations of the business [7] - The company has been experiencing fluctuations in profitability, with losses reported in 2021 but profitability in the following years [8] - The controlling shareholder's shares have been subject to multiple judicial auctions, raising concerns about potential changes in company control [9][10]