“内斗”再升级？庭审激辩！

Core Viewpoint - The court hearing regarding the securities dispute between ST Lutong and Wu Shichun, founder of Meihua Venture Capital, has intensified the internal conflict within ST Lutong, focusing on issues of information disclosure and voting rights [1][2]. Group 1: Legal Proceedings - ST Lutong is seeking compensation of 2.5 million yuan for losses incurred due to Wu Shichun's alleged illegal proposal to convene a shareholders' meeting to reorganize the board of directors [3]. - The court session highlighted the compliance issues surrounding the disclosure of information related to the acquisition and voting rights delegation agreements [3][4]. Group 2: Compliance Issues - ST Lutong claims that Wu Shichun's acquisition actions may have violated compliance regulations, as the partnership intended for the acquisition was not yet established, and the transaction price terms appeared to be predetermined [4]. - The company argues that Wu Shichun did not wait for compliance disclosure before proposing to reorganize the board, potentially harming the rights of minority investors [4]. Group 3: Voting Rights Controversy - ST Lutong asserts that Wu Shichun has acquired at least 13.86% of the company's shares through disclosed and undisclosed voting rights delegation [5]. - The focus of the dispute is on the validity of the voting rights delegation agreement, which ST Lutong claims should have been publicly disclosed [7]. Group 4: Regulatory Actions - Following the court hearing, ST Lutong received a regulatory notice from the Shenzhen Stock Exchange for failing to timely notify shareholders about the meeting [9]. - The Jiangsu Securities Regulatory Bureau has also issued corrective measures against ST Lutong and a warning to its chairman, which will be recorded in the market integrity archives [10].