WINGTECH(SH:600745) 第一财经·2025-12-27 05:06Core Viewpoint - The article discusses the ongoing control dispute over Anshi Semiconductor, a subsidiary of Wentech Technology, and the company's plans to assert its rights and seek legal remedies in response to restrictions imposed by the Dutch government [3][4][5]. Group 1: Control Dispute Developments - Wentech Technology held its fifth extraordinary shareholders' meeting on December 26, 2025, where Chairman Yang Mu addressed the control issues surrounding Anshi Semiconductor [3]. - The Dutch Ministry of Economic Affairs issued an order in late September, freezing Anshi Semiconductor's assets and limiting Wentech's control over the subsidiary [3][4]. - Anshi Semiconductor's management has dismissed senior employees with Chinese backgrounds and halted payments to employees in China, disrupting operations [5]. Group 2: Legal and Strategic Responses - Wentech has indicated plans to seek international arbitration for compensation potentially amounting to $8 billion if the control issues are not resolved within six months [5]. - The company is working with international legal teams to explore legal remedies and maintain shareholder rights [5]. - To stabilize the supply chain amid disruptions, Anshi China is validating domestic wafer suppliers, with completion expected between Q1 and Q2 of 2026 [5]. Group 3: Corporate Governance and Future Actions - The extraordinary shareholders' meeting approved proposals for daily related transactions and the addition of an independent director, Gan Peizhong, to help protect the company's interests [6]. - The Chinese Ministry of Commerce has called for negotiations to resolve the control and supply chain issues, emphasizing the need for the Dutch government to withdraw its administrative order [6].