Core Viewpoint - The ongoing legal dispute involving Huang Tao, the actual controller of Liren Lizhuang, regarding a high-profile divorce case, has raised concerns about potential impacts on the company's ownership structure and stock performance, although the company asserts that its operations remain unaffected [2][4][6]. Group 1: Legal Issues - Huang Tao has received a court notice related to a property dispute following his divorce, making him a defendant in the case [2]. - Huang Tao's ex-wife, Weng Shuhua, is seeking to transfer 16.75 million shares registered in Huang's name to their children [4]. - The court case has not yet commenced, leaving the outcome uncertain regarding any changes in the controlling shareholder's rights [4][6]. Group 2: Company Performance - Liren Lizhuang reported a revenue of 831 million yuan in the first half of 2025, a year-on-year decline of 13.98%, with a net profit attributable to shareholders of -32.76 million yuan, down 1315.98% [12]. - The company has experienced a continuous decline in revenue for four consecutive years, with revenues of 4.155 billion yuan, 3.242 billion yuan, and 2.762 billion yuan from 2021 to 2023, reflecting year-on-year decreases of 9.67%, 21.98%, and 14.78% respectively [12]. - In 2024, the company's revenue further decreased by 37.44% to 1.728 billion yuan [12]. Group 3: Shareholding Changes - Following the completion of the share transfer, Huang Tao's shareholding decreased from 32.46% to 28.28%, while Weng Shuhua's stake increased to 4.18%, making her a significant shareholder [6]. - The company was founded in May 2010 and has transitioned from a small online cosmetics retailer to a publicly listed entity [6].

Core Viewpoint - The company, Liren Lizhuang, announced that its controlling shareholder and actual controller, Huang Tao, has become a defendant in a property dispute following his divorce, which may affect his shareholding status but currently does not impact the company's operations or financial results [1][4]. Group 1: Legal Proceedings - Huang Tao's ex-wife, Weng Shuhua, has requested the transfer of 16.75 million shares registered under Huang Tao's name to their child, Huang Yiqi [1]. - The court has issued a notice for evidence and a response, but the case has not yet gone to trial, leaving the outcome uncertain [1]. - The company stated that the lawsuit will not have a significant impact on its business operations and that it will continue to fulfill its information disclosure obligations as the case progresses [1]. Group 2: Shareholding Changes - On August 22, it was reported that 16.747538 million unrestricted circulating shares were transferred, reducing Huang Tao's shareholding from 32.46% to 28.28%, while Weng Shuhua acquired 4.18% of the shares [4]. - Following the transfer, Huang Tao remains the largest shareholder with a 28.28% stake, while Weng Shuhua became the fourth largest shareholder with a 4.18% stake [4]. - The market value of the shares transferred to Weng Shuhua was approximately 170 million yuan based on the closing price on August 21 [4]. Group 3: Company Background - Liren Lizhuang was established in May 2010 with a registered capital of approximately 400 million yuan, engaging in the wholesale of cosmetics, daily necessities, and related services [4]. - The company has been publicly listed for five years since its debut on the Shanghai Stock Exchange in September 2020 [6]. - The ongoing divorce dispute between Huang Tao and Weng Shuhua has been a point of public interest, particularly regarding the division of shares [7].