

Core Viewpoint - The high-profile divorce case of Guo Wei, the controlling shareholder of Digital China (000034.SZ), has attracted significant attention in the A-share market, particularly due to the potential financial implications and stock price movements associated with the case [2]. Group 1: Divorce Case Details - The Beijing Haidian District People's Court ruled on September 30 that Guo Wei and his wife, Guo Zhengli, are to be divorced, with property division to be determined later [2]. - Guo Wei's approximately 77.39 million shares of Digital China have been judicially frozen since January, valued at around 3.4 billion yuan based on the October 10 closing price of 43.86 yuan per share [2]. - The stock price of Digital China has nearly doubled from around 22 yuan to 43.86 yuan since August of the previous year, reaching a historical high of 60.11 yuan in April this year [2]. Group 2: Legal Proceedings - The divorce case is being processed in both Beijing and Hong Kong, which may lead to conflicting rulings due to differences in legal systems and property distribution laws between the two regions [3]. - Guo Zhengli initiated divorce proceedings in Hong Kong in July 2024, while Guo Wei filed in Beijing, possibly due to unfamiliarity with Hong Kong's legal processes [2][3]. Group 3: Impact on Company Control - Guo Wei remains the chairman of Digital China and other affiliated companies, holding approximately 155 million shares of Digital China (21.49% ownership) and 360 million shares of Digital Holdings (21.44% ownership) [3]. - The divorce could significantly impact the control of Digital China and its affiliated companies, with potential risks of changes in the controlling shareholder if Guo Wei's frozen shares are disposed of [4].