振芯科技控制权再生变局！四川女富豪董事争夺险胜后，管理层阵营选出一名职工董事

Core Viewpoint - The recent election of a worker representative director at Zhenxin Technology (300101.SZ) has complicated the company's control dynamics, indicating an ongoing power struggle between the controlling shareholder and the management team [1][10][11]. Group 1: Board Composition Changes - On February 13, Zhenxin Technology announced the election of Yang Zhang as a worker representative director, which will join the non-worker representative directors to form the seventh board of directors [1][3]. - The election results show that the controlling shareholder, Chengdu Guoteng Electronics Group (Guoteng Group), lost its previous advantage in the board composition, now holding 3 non-independent director seats, while the management team holds 2 [10][12]. - The board now has an equal distribution of non-independent director seats, with both Guoteng Group and the management team holding 3 seats each [5][13]. Group 2: Control Struggle Background - The actual control of Zhenxin Technology has been contested for over seven years, primarily between the controlling shareholder, He Yan, who holds 51%, and the founding management team, which collectively holds 49% [11][12]. - The recent extraordinary shareholders' meeting on February 12 was a critical battleground for board seats, with He Yan attempting to replace all directors [11][12]. Group 3: Legal and Regulatory Context - The election of a worker representative director is a first for Zhenxin Technology and aligns with the new Company Law effective from July 1, 2024, which mandates worker representation on boards for companies with over 300 employees [7][14]. - Legal experts confirm that the election process for the worker director complies with relevant laws and the company's articles of association, emphasizing the importance of worker input in corporate governance [14][15]. - The ongoing structure of the supervisory board, which has not yet been dissolved, may disadvantage He Yan's faction in the control struggle, suggesting that the contest for control is far from over [15].