According to the Financial Association on April 20, the A-share market has once again witnessed a high-priced divorce, with the ex-wife of the controlling person of Weston taking nearly 0.9 billion in company shares.

Weston announced on the evening of April 20 that the company recently received a notice from its actual controller, Mao Yuzhong, informing that Mao Yuzhong and XUXIANGFENG have completed the divorce proceedings and have made arrangements regarding the division of shares.

The announcement stated that before the change in equity, Mao Yuzhong directly held 29,600,000 shares of the company, accounting for 33.64% of the total share capital of the company; at the same time, he held 98.67% of the shares in Weston (Shanghai) Asset Management Co., Ltd., which held 21,000,000 shares of the company, accounting for 23.86% of the total share capital, and XUXIANGFENG held no shares in the company. All of the above shares are restricted shares with selling conditions.

According to the divorce agreement signed by the transferor and the transferee, the transferor will transfer 20,000,000 shares of Weston, accounting for 22.73% of the total share capital of the company, to the transferee.

The shareholding status of Mao Yuzhong and XUXIANGFENG before and after this equity change is as follows:

The company announcement also stated that this equity change does not involve a change in company control, and both parties have signed a joint action agreement, committing to maintain consensus on major decisions to ensure stable corporate governance. At the same time, both parties will continue to adhere to the shareholding lock-up and shareholding reduction commitments previously made by the actual controller.

Public information shows that Weston was established in 2001 and has always been committed to enterprise Software Development and information services, mainly including software development, operation and maintenance services, system integration, and software products and service businesses.

The company's actual controller, Mao Yuzhong, was born in 1968, making him 57 years old, and is of Chinese nationality. He has served as the Chairman of Weston Information Technology Co., Ltd. for a long time and announced his resignation in January 2025.

It is worth noting that on June 24, 2024, Weston announced that the company received a "Notice of Detention" issued by the Luoning County Supervisory Committee, and the company's actual controller and Chairman, Mr. Mao Yuzhong, was subjected to detention. On October 24, the company announced that it received a "Notice of Lifting Detention" issued by the relevant department on October 23, 2024, which lifted the detention measures against Mr. Mao Yuzhong.

Winston was listed on the GEM in June 2023, with a peak price reaching 99 yuan; currently, the total market value is less than 4.1 billion yuan. As of the latest closing data, Winston's stock price closed at 46.4 yuan per share, which also means that the 20 million shares divided by Mao Yuzhong's ex-wife are worth over 0.9 billion yuan.

In terms of performance, in the first three quarters of 2024, the company achieved revenue of 0.18 billion yuan, a year-on-year decrease of 6.27%; the net income attributable to shareholders was 29.968 million yuan, representing a year-on-year increase of 14.96%.