ST金泰董事会争夺战落幕，创始人派系获胜但危机未解

Core Viewpoint - The company is facing a severe governance crisis despite the founder's temporary control over the board following a recent shareholder meeting, which resulted in the election of two non-independent directors from the founder's camp [1][2][6]. Governance and Control - On July 7, 2025, the company held a shareholder meeting where the founder's nominees, Hao Daqing and Wang Ziwei, were elected as non-independent directors with votes representing 160.24% and 139.56% of the total voting rights, respectively [2][6]. - The first major shareholder, Hainan Dahe, had all four of its nominated candidates rejected, indicating a significant shift in board control towards the founder's faction [7]. Financial and Audit Issues - The company received an audit report from Zhongxinghua Accounting Firm stating "unable to express an opinion" for the 2024 financial report, highlighting significant abnormal fund transactions and the inability to assess the commercial substance and true transaction prices of related equity transactions [1][10]. - In 2024, the company transferred a total of 931 million yuan to related trading companies and received back 930 million yuan, raising concerns about potential fund misappropriation [10]. Ongoing Legal Disputes - Hainan Dahe's 14.8% stake in the company is currently under judicial freeze due to ongoing disputes with Huajin Assets, which complicates the governance situation further [1][12]. - The legal conflict dates back to a 2019 equity transfer, with Hainan Dahe's ownership being challenged in court, although a recent ruling dismissed Huajin's claims [12][13].