Sudden announcement: Divorce, the woman takes away 1.29 billion yuan, the man has an annual salary of 3.12 million yuan

A new record-breaking divorce case has emerged in the A-share market.

On February 11, the domestic RF front-runner Zhaoshengwei (SZ300782) announced that it had recently received notice from one of its actual controllers, Mr. Xu Zhihan. After friendly negotiations, he and Ms. Zhang Yu have dissolved their marriage and made arrangements regarding the division of their divorce assets.

According to the “Divorce Property Division Agreement” signed by both parties, Xu Zhihan will transfer 17.15 million shares of the company’s unrestricted circulating shares (accounting for 3.21% of the company’s total share capital) directly held by him to Zhang Yu. According to the agreement, Zhang Yu can sell no more than 10% of her total shares held each year. Zhang Yu also commits that during Xu Zhihan’s tenure as a director and senior manager of the company, her annual share transfers shall not exceed 25% of her total shares in the company.

After this equity change, Xu Zhihan directly holds 17.15 million unrestricted circulating shares of the company, accounting for 3.21% of the total share capital. Zhang Yu unconditionally and irrevocably entrusts all voting rights, nomination and proposal rights, attendance rights, supervision and suggestion rights, as well as other rights excluding income rights and share transfer rights, associated with her holdings in the company to Xu Zhihan for exercise.

Public information shows that Xu Zhihan, male, born in 1972, is a Chinese national. He holds a bachelor’s degree in computer science and technology from Tsinghua University, a master’s degree in electronic engineering from San Jose State University, and an EMBA in business administration from China Europe International Business School.

Xu Zhihan is currently the chairman and general manager of Zhaoshengwei, with a pre-tax total compensation of 3.1208 million yuan in 2024.

As of the close on February 11, Zhaoshengwei’s latest market value was 40.2 billion yuan. Based on this, Xu Zhihan transferred stocks worth 1.29 billion yuan to his ex-wife.

Notably, the current actual controllers of Zhaoshengwei, Tang Zhuang and Yi Gebing, were also once spouses. After market close on June 20, 2023, Zhaoshengwei announced that one of its actual controllers, Tang Zhuang, and Yi Gebing had dissolved their marriage and divided their assets. Tang Zhuang transferred most of his holdings in Zhaoshengwei to his ex-wife, Yi Gebing, and no longer holds more than 5% of the company’s shares. Based on the closing price that day, Yi Gebing received nearly 3.4 billion yuan.

Zhaoshengwei’s Actual Controller

Zhaoshengwei is a leading domestic RF enterprise. Its RF front-end discrete devices and RF module products are mainly used in smartphones and other mobile intelligent terminal products. They can also be applied in smart wearables, communication base stations, automotive electronics, Bluetooth headsets, VR/AR devices, and network communication equipment that require wireless connectivity.

On January 12, Zhaoshengwei (300782.SZ) announced that it expects a net profit attributable to shareholders of the listed company for 2025 to be a loss of 255 million to 295 million yuan, compared to a profit of 402 million yuan in the same period last year. During the reporting period, the company estimates its operating revenue to be between 3.7 billion and 3.75 billion yuan, a year-on-year decrease of approximately 16% to 18%. The performance decline is mainly due to increased ongoing investments during the transition to a Fab-Lite model, supply conversion impacts, intense industry competition, and tight raw material deliveries, which have affected the product shipment pace and scale.

(Source: China Fund News)