内斗升级！“卫星导航第一股”振芯科技董事会或将提前换届

Core Viewpoint - The controlling shareholder of Zhenxin Technology, Chengdu Guoteng Electronics Group, is pushing for a complete board overhaul following the rejection of key governance proposals at a recent shareholder meeting, citing internal management chaos and poor performance as reasons for the change [1][3]. Group 1: Shareholder Actions and Governance Proposals - On January 7, Zhenxin Technology received a request from its controlling shareholder to convene a temporary shareholder meeting to discuss two proposals: one for the early re-election of non-independent directors and another for independent directors [1]. - The controlling shareholder aims to resolve ongoing disputes and improve company management by introducing skilled technical and managerial talent [1][9]. - The management of Zhenxin Technology has publicly opposed the controlling shareholder's push for an early board change, expressing concerns over the uncertainty it brings to the company's future [3]. Group 2: Background and Company Profile - Zhenxin Technology, originally named Chengdu Guoteng Electronics Technology Co., Ltd., was listed on the Growth Enterprise Market in 2010 and is a key player in the Beidou satellite navigation system, producing chips, modules, and terminal devices [2]. - The company is often referred to as the "first stock of satellite navigation" in the A-share market [2]. Group 3: Management and Shareholder Conflicts - The conflict between the controlling shareholder and the current management has been ongoing, primarily due to the unique shareholding structure, with Chengdu Guoteng holding 29.21% of shares and the founding members holding 41% [7]. - The actual management control shifted to Mo Xiaoyu during the legal troubles of the controlling shareholder, He Yan, leading to a prolonged power struggle [7][8]. - Recent court rulings have confirmed the status of Chengdu Guoteng as the controlling shareholder, intensifying the governance disputes within Zhenxin Technology [8]. Group 4: Allegations and Responses - The controlling shareholder has accused the current management of breaching fiduciary duties, engaging in self-dealing, and failing to disclose significant changes in the company's legal representation [5][6]. - The management has countered these allegations, asserting that the controlling shareholder has not participated in the company's operations and has caused significant harm to its reputation [3][6]. Group 5: Future Plans and Stability Concerns - The controlling shareholder has proposed a new board with strong backgrounds in military industry and research innovation, aiming to stabilize and enhance the company's operations [9]. - Concerns have been raised about potential disruptions to company operations during the board transition, but the controlling shareholder has assured that a detailed plan is in place to maintain stability [9].