WINGTECH(SH:600745) Xin Lang Cai Jing·2026-02-12 14:58Core Viewpoint - The Dutch government's ongoing interference in ASML's management has led to significant disruptions in the global automotive supply chain, with a recent court ruling mandating an investigation into the company's management practices and maintaining the suspension of its Chinese CEO [1][4]. Group 1: Court Ruling and Investigation - The Amsterdam Enterprise Court has ordered a formal investigation into ASML's alleged "mismanagement," citing sufficient reasons to question the company's policies and business conduct [1]. - The court's ruling allows the temporary management team in Europe to remain in place while the investigation, expected to last six months, examines ASML's management since 2023 and issues related to supply chain disruptions [1][5]. Group 2: Impact on Stakeholders - ASML's parent company, Wingtech Technology, expressed strong dissatisfaction with the court's decision, stating it would continue to harm thousands of employees and over 25,000 customers, as well as the global supply chain [5]. - Wingtech Technology emphasized that the only viable solution to stabilize ASML and the global supply chain is the immediate and unconditional withdrawal of all temporary measures and the restoration of its shareholder rights [5]. Group 3: Geopolitical Context - Analysts warn that the ongoing situation with ASML could further damage the company's interests and the relationship between the Netherlands and China, urging the new Dutch government to learn from past mistakes in foreign direct investment policies and geopolitical strategies [2]. - The new Dutch government, set to take office on February 23, is expected to adopt a hardline stance towards China, with several members known for their critical views on Chinese investments and influence [6].