Core Viewpoint - The recent divorce of the controlling shareholder of Digital China, Guo Wei, raises concerns about potential changes in the company's control and the implications for its operations and governance [1][5][7]. Group 1: Legal Proceedings - On October 10, Digital China announced that Guo Wei's divorce case was ruled by the Beijing Haidian District People's Court, with a first-instance judgment made on September 30, 2025 [1][5]. - The court will continue to review the property division aspect of the case, indicating ongoing legal proceedings [5][7]. - Guo Wei's shares, amounting to 77,388,900 shares, were previously frozen by the court, posing a risk of change in the company's controlling shareholder if these shares are disposed of [1][4]. Group 2: Shareholding Structure - As of June 30, 2025, Guo Wei and China New Era Limited were the top two shareholders of Digital China, holding 21.49% and 4.65% of shares, respectively [8]. - If the frozen shares are awarded to Guo Zhengli, she could become the second-largest shareholder with over 10% ownership, significantly increasing her stake compared to the current second-largest shareholder [8]. Group 3: Company Management Changes - Prior to the court ruling, Guo Wei had already taken steps to separate his personal interests from the company by resigning as the legal representative and appointing Wang Bingfeng as the new legal representative [9]. - Wang Bingfeng, who has a background in technology and management, has been with Digital China since September 2021 and has held various leadership roles within the company [9].