ST路通控制权之争续集：协议终止“罗生门”与攻防战升级

Core Viewpoint - The ongoing power struggle for control of ST Luton has intensified following the termination of share transfer agreements and the uncertainty surrounding the validity of voting rights entrusted to Wu Shichun, the largest shareholder [1][4][9]. Group 1: Shareholding and Agreements - Wu Shichun became the largest shareholder of ST Luton in March by acquiring 7.44% of shares for 150 million yuan, followed by a planned acquisition of an additional 6.4% through a partnership agreement [1][2]. - The share transfer agreement was set at a total price of 160 million yuan, with Wu Shichun only needing to pay 16 million yuan upfront to secure voting rights for 13.84% of the company [2]. - On May 26, Wu Shichun claimed to have orally terminated the agreements due to regulatory non-compliance, leading to a series of confirmations regarding the termination of both the share transfer and voting rights agreements [3][4]. Group 2: Board and Regulatory Responses - The ST Luton board expressed skepticism regarding the termination, citing a lack of objective evidence and the requirement for written confirmation for any modifications or terminations of the agreements [5][6]. - The Shenzhen Stock Exchange issued a notice on July 13, requesting clarification on the basis for the oral termination and the implications for the ongoing control dispute [7]. Group 3: Governance and Market Impact - The uncertainty surrounding the voting rights has directly affected the board's ability to proceed with member elections, as Wu Shichun and allies have sought to convene extraordinary shareholder meetings to remove current board members [7][8]. - The board has consistently rejected proposals for board member removal, citing legal grounds and concerns over operational stability amid shareholder changes [8][9]. - The internal conflict has led to increased volatility in ST Luton's stock price, creating dilemmas for minority shareholders regarding trust in management versus capital interests [9].