Jin Rong Jie·2025-08-23 13:44Group 1 - The core issue involves the divorce dispute between the actual controller Huang Tao and his ex-wife Weng Shuhua, resulting in a transfer of equity ownership, with Huang's share decreasing from 32.46% to 28.28% while Weng holds 4.18% [1] - Weng Shuhua's equity is valued at approximately 170 million yuan based on the closing price of 10.24 yuan per share on August 22 [1] - The dispute began in March 2021, with Weng accusing Huang of neglecting family responsibilities, leading to a series of legal proceedings regarding the division of shares [1] Group 2 - The company, established in 2010 and listed in 2020, primarily focuses on e-commerce retail of cosmetics and has heavily relied on the Alibaba platform [1] - In 2024, the company reported a revenue of 1.728 billion yuan, a year-on-year decline of 37.44%, and a net loss of 24.4 million yuan, marking its first loss after previously being profitable [2] - The "Alibaba system" divested its entire 17.57% stake in the company for 486 million yuan in May 2023, indicating a significant shift in investor confidence [2]