“内斗”再升级？庭审激辩！

Core Viewpoint - The legal disputes between ST Lutong and Wu Shichun, the founding partner of Meihua Venture Capital, are intensifying, focusing on issues of shareholder rights and compliance with disclosure regulations [2][4]. Group 1: Legal Proceedings - On October 20, ST Lutong's lawsuits against Wu Shichun regarding securities disputes and damage to company interests were heard in court [2]. - ST Lutong is seeking compensation of 2.5 million yuan for losses incurred due to Wu Shichun's alleged illegal actions, including the improper proposal to reorganize the board of directors [4]. - The court proceedings have highlighted the ongoing internal conflicts within ST Lutong, particularly around information disclosure and voting rights [2][4]. Group 2: Compliance Issues - ST Lutong claims that Wu Shichun's acquisition actions may violate compliance regulations, as the partnership intended for the acquisition was not yet established [5]. - The company argues that the lack of proper disclosure regarding the acquisition and voting rights delegation could harm the rights of minority investors [6]. - The focus of the dispute includes the validity of the voting rights delegation agreement, which ST Lutong asserts was not disclosed in accordance with regulatory requirements [6][7]. Group 3: Regulatory Actions - Following the court hearings, ST Lutong received a regulatory notice from the Shenzhen Stock Exchange for failing to timely notify shareholders about the general meeting [10]. - The Jiangsu Securities Regulatory Bureau has also mandated corrective actions against ST Lutong and issued a warning to its chairman, which will be recorded in the market integrity archives [10].