CORPRO(SZ:300101) Zheng Quan Shi Bao Wang·2025-12-31 03:20Core Viewpoint - The public letter from the management team of Zhenxin Technology highlights internal conflicts and disputes regarding the actual control of the company, particularly targeting the contributions and qualifications of the actual controller, He Yan [1][2]. Group 1: Internal Conflicts - The public letter, signed by Chairman Xie Jun, Vice Chairman Xu Jin, and Director Bai Jie, accuses He Yan of not contributing to the company's development and causing significant obstacles due to personal issues [1]. - The letter claims that He Yan has never held a position or participated in the management of the company since its establishment, and her past legal issues have negatively impacted the company's reputation and market value [1][3]. - The management team asserts that He Yan has disrupted the company's stability and decision-making processes, including repeatedly rejecting legitimate resolutions from the shareholders' meetings [1]. Group 2: Legal Background - The public letter was issued following a shareholders' meeting on December 26, where several key proposals were rejected, likely due to opposition from the controlling shareholder, Chengdu Guoteng Electronics Group, which He Yan holds a 51% stake in [3]. - Zhenxin Technology, originally named Chengdu Guoteng Electronics Technology Co., Ltd., was co-founded by He Yan and others, and it specializes in products related to the BeiDou satellite navigation system [3]. - A series of lawsuits initiated by shareholders against Guoteng Group since 2018 reflect ongoing disputes over control, with a court ruling in 2021 ultimately deciding against the dissolution of Guoteng Group [4][6]. Group 3: Governance Issues - The company has been in a state of governance deadlock, with claims that it has a controlling shareholder but lacks an actual controller, which complicates its operational stability [5][6]. - Despite the court ruling that Guoteng Group should not be dissolved, the management team of Zhenxin Technology has maintained control over the board, indicating ongoing power struggles [6]. - The situation emphasizes the need for the company to resolve shareholder disputes and ensure fair representation of all parties involved [6].