WenTai Technology Midnight Announcement! Control over Anshi Still Limited

On February 11, Wen Tai Technology (600745.SH) announced that the Enterprise Court made a ruling on February 11, 2026, Dutch time. After review, the Enterprise Court approved the application to initiate a formal investigation and expanded the scope of the investigation to include the conduct of the local management of Anshi Semiconductor. The court also ruled that all previously issued interim measures, including restrictions on certain personnel positions and shareholder rights, will remain in effect during the investigation, but the equity custodian cannot dispose of the shares during this period.

According to the ruling, two independent investigators appointed by the court will conduct the specific investigation. The Enterprise Court’s decision maintains the interim measures taken against Anshi since October 2025. During the investigation, the company’s control over Anshi remains restricted, and the investigation period is uncertain. Investors are advised to be aware of investment risks.

The company will exhaust all legal means to restore full control over Anshi and protect investors’ rights.

As of the close, Wen Tai Technology’s stock price fell 0.87% to 35.23 yuan, with a market value of 43.849 billion yuan.

Wen Tai Technology disclosed its 2025 performance forecast on the evening of January 30. The announcement shows that the company expects to achieve a net profit attributable to the parent company of -13.5 billion to -9 billion yuan in 2025, indicating a loss. It is also expected to achieve a net profit attributable to the parent company after deducting non-recurring gains and losses of -300 million to -200 million yuan.

Regarding the reasons for the performance change, Wen Tai Technology stated that in Q4 2025, its subsidiaries Anshi Semiconductor Co., Ltd. and Anshi Semiconductor Holding Co., Ltd. received orders from the Dutch Ministry of Economic Affairs and Climate Policy and the Amsterdam Court of Appeal’s Enterprise Court. As of the end of this reporting period, although the orders have been announced to be suspended, the court’s ruling remains in effect, and the company’s control over Anshi is still restricted. During the reporting period, the company expects to recognize significant investment losses and asset impairment losses, which will have a substantial impact on its 2025 performance.

(Source: Daily Economic News)