Core Viewpoint - The article discusses the ongoing legal battles faced by Yitong Century (宜通世纪) following its acquisition of Beitai Health, highlighting recent developments in both criminal and civil cases related to the acquisition fraud, and the company's current state of having no controlling shareholder. Group 1: Legal Developments - Yitong Century has been pursuing legal action for seven years after acquiring Beitai Health for 1 billion yuan, which led to significant financial losses due to fraud [1][3]. - Recent updates include a criminal judgment against a co-defendant, who was sentenced to five years in prison and ordered to return 40 million yuan to Yitong Century [3][4]. - The civil case seeking 580 million yuan in damages has been sent back for retrial and accepted by the court, marking a procedural win for Yitong Century [6][7]. Group 2: Financial Implications - The total potential value of Yitong Century's claims, including criminal and civil cases, amounts to approximately 1.39 billion yuan [1]. - Despite the criminal ruling, the execution of the compensation remains uncertain due to the defendant's financial issues, with previous attempts to recover funds yielding minimal results [6][10]. - Yitong Century's financial performance has been declining, with a reported revenue of 2.502 billion yuan in 2024, down 5.93% year-on-year, and a net loss of approximately 30.35 million yuan [10][11]. Group 3: Corporate Governance - Yitong Century recently announced the dissolution of the agreement among its three controlling shareholders, resulting in a state of having no controlling shareholder [8]. - This change in governance occurs amidst the ongoing fallout from the acquisition fraud, leaving the company in a vulnerable position [8][16]. - The company has been focusing on its core business areas, such as telecommunications and IoT, after divesting Beitai Health in 2019 [8][11].