实控人前妻分得4.46亿元股权，时创能源现“天价离婚”

Core Viewpoint - The recent divorce agreement between the actual controller and chairman of Shichuang Energy, Fu Liming, and Wang Yanxiao involves a significant share transfer, raising concerns about compliance and potential impacts on the company's governance structure [1][2]. Group 1: Share Transfer Details - Fu Liming will transfer approximately 34,161,801 shares of Shichuang Energy, representing 8.54% of the total share capital, to Wang Yanxiao as part of their divorce settlement [2]. - Prior to this transfer, Fu Liming indirectly held 116 million shares, accounting for 28.88% of the total share capital, through stakes in two investment companies [2]. - The transferred shares are currently under a lock-up period, with only six months remaining until they can be freely traded [1][3]. Group 2: Company Background and Financial Performance - Shichuang Energy, founded in 2009, operates as a photovoltaic technology platform supplier, focusing on three main business segments: photovoltaic wet process auxiliaries, photovoltaic equipment, and photovoltaic cells [3]. - The company has recently experienced a decline in stock price, having broken its initial public offering price, and has maintained a dividend payout ratio below 30% over the past three years [1][4]. Group 3: Regulatory Context and Market Reactions - The phenomenon of "high-priced divorces" among A-share listed companies has drawn regulatory scrutiny, with measures implemented to prevent circumvention of share reduction rules through divorce settlements [5][7]. - Recent regulations stipulate that parties involved in share transfers due to divorce must adhere to the same share reduction limits, aiming to prevent potential misuse of such arrangements for offloading shares [6][7].