NCGF(SZ:300198) Mei Ri Jing Ji Xin Wen·2025-10-22 12:33Core Viewpoint - Chen Zhijiang, the chairman of ST Nachuan, has been restricted from high consumption due to the company's failure to fulfill obligations as determined by a legal document, marking a significant downturn in his career after a series of financial and legal challenges [1] Group 1: Company Background - ST Nachuan's chairman, Chen Zhijiang, has held various positions in different companies since 1992, including roles at Xiamen Port Authority and Rockwell Automation [2] - Chen became the chairman of ST Nachuan in December 2008 and held 0.68% of the company's shares as of June 2025 [2] Group 2: Shareholding Changes - Following his divorce in 2013, Chen's shareholding was split with his ex-wife, Zhang Xiaoying, resulting in each holding 16.147% of the company [2] - Chen's shareholding increased to 25.96% after a private placement in 2016, but he later transferred 5.01% of his shares to Beijing Ruihui Haina Technology Industry Fund in 2019 [3][4] - In 2023, due to a debt dispute with Zhang, 340,000 shares were auctioned off, reducing his stake from 15.94% to 15.61% [4] Group 3: Legal and Financial Issues - From August 2023 to May 2024, Chen was forced to reduce his holdings by approximately 1.5 billion shares, accounting for 14.32% of the total shares [5] - Chen and Zhang have ongoing financial interactions despite their divorce, leading to investigations by the China Securities Regulatory Commission (CSRC) for alleged stock manipulation [6] - The CSRC's investigation concluded with Zhang being penalized for illegal gains of 49.1 million yuan and a fine of 147 million yuan [6]