2025.05. 23 本文字数：5138，阅读时长大约8.5分钟 导读 ： 汉仪股份、徐建刚及上海鲁门之间的关系，在隐匿多年后被外界所察觉，缘于一场牵扯各方的诉讼。 作者 | 第一财经 蔡真 北京市第一中级人民法院公布的一则判决书将汉仪股份（301270.SZ）与代理商的矛盾置于台前， 也揭示了汉仪股份在业务模式、公司治理上的种种内幕。 据判决书，时任公司销售总监徐建刚与婚外情人设立公司成为字库授权业务的代理商。 而在上市辅 导期，汉仪股份董事长谢立群疑似指示徐建刚将该代理商业务暂停，以降低其排名，并通过"改发 票"等操作规避中介机构审核。 有法律人士对第一财经指出，汉仪股份的做法已构成违法违规。但汉仪股份方面则告诉第一财经，判 决书中部分内容存在"断章取义"，公司已回复深交所和北京证监局对相关问题的询问，北京市高级人 民法院已受理公司的再审申请。 代理商排名与关联关系争议 汉仪股份成立于1993年，是国内字体设计行业头部公司，开发设计的多款字体被企业和个人广泛使 用。2022年8月，汉仪股份登陆创业板，成为A股首家字库类上市公司。 从产业链看，字库公司的上游是设计公司、字体作者、设计师还有版权服务商等，下 ...

Core Viewpoint - The relationship between Han Yi Co., Ltd. and its agent Shanghai Lu Men has come to light due to a lawsuit, revealing issues in the company's business model and governance [1] Group 1: Company Background - Han Yi Co., Ltd. was established in 1993 and is a leading company in the font design industry in China, having launched on the Growth Enterprise Market in August 2022 as the first font library listed company in A-shares [2] - The company's revenue from font software licensing accounted for over half of its income, with 2019 figures showing 123 million yuan from this segment, representing 58.02% of its main business revenue [5] Group 2: Legal Issues and Governance - A court ruling revealed that former sales director Xu Jiangang set up a company with his extramarital partner to act as an agent for Han Yi's font library, leading to allegations of misconduct and regulatory violations [1][9] - Han Yi's chairman, Xie Li Qun, allegedly instructed Xu to manipulate the ranking of the agent's business to avoid scrutiny during the IPO process, which could constitute a violation of securities laws [9][10] - The company did not disclose the relationship with Shanghai Lu Men in its IPO prospectus, which may represent a significant omission and could lead to administrative penalties [9][10] Group 3: Financial Implications - In 2019, Han Yi's total main business revenue was 212 million yuan, with over 93 million yuan coming from font licensing services, indicating a reliance on external agents for revenue generation [15][16] - The company faced a lawsuit from Shanghai Lu Men for overdue payments and damages, with the court ruling in favor of the agent, which Han Yi is appealing [15][20] Group 4: Regulatory Scrutiny - Regulatory bodies, including the Beijing Securities Regulatory Bureau and the Shenzhen Stock Exchange, have inquired about the relationship between Han Yi, Xu Jiangang, and the individual service providers, highlighting concerns over compliance and disclosure practices [20][22] - Han Yi claims that it was unaware of the hidden relationships until the lawsuit emerged, raising questions about its internal controls and governance practices [20][22]