Abstract:
Recently, there is market news that Zhang Xuezheng, the founder and actual controller of Wingtech Technology, obtained permanent residency in Canada after cashing out tens of billions of dollars, and has been stranded in Switzerland for a long time. Regarding this situation, Wingtech Technology responded to the media and stated: "
We have noticed that the company has verified the rumors on the market such as "the actual controller fled to Switzerland" and "the founder's Canadian green card" as soon as possible. The above rumors are seriously inconsistent with the facts and are false information; the company firmly opposes the fabrication and dissemination of relevant false information and reserves the right to pursue legal liability in accordance with the law.
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Wingtech Technology also stated: "The company has a full and clear understanding of the harm of rumors, which is the fundamental reason why we resolutely clarify and resolutely safeguard our rights in accordance with the law; at the same time, the company has always strived to control these impacts to a minimum through timely information disclosure, point-to-point communication with customers and suppliers, and stable and orderly production and operations."
Wingtech Technology revealed: Regarding some self-media publishing and disseminating false information against Wingtech Technology on online platforms, and maliciously distorting and smearing the company, its founders, and actual controllers, the company has entrusted a law firm to fix the evidence of the alleged infringement through legal channels, and filed a reputation infringement lawsuit with the relevant courts in Beijing in accordance with the law.
As far as we know, the court has agreed to file the case, and a formal acceptance notice will be issued later. The company expects the court to make a fair and objective determination of the case and stop the infringement in a timely manner.
It is worth noting that this rumor storm has been raining all night, and the company is already in a major crisis over the control of Nexperia.
Last year, due to the intervention of external geopolitical factors, the Dutch government took measures under pressure from the United States. Wingtech Technology lost its actual control over Nexperia's overseas entities.
The subsequent company statements disclosed that overseas assets could not be included in the scope of financial report consolidation. Because the audit agency was unable to obtain complete audit information, it issued a disclaimer of opinion report on the 2025 annual report. The company was issued a delisting risk warning from May 6, 2026, and the securities abbreviation was changed to * ST Wingtech.
If the violations cannot be rectified and eliminated in 2026, the company's stocks may face the risk of being terminated from listing.
In order to protect its own rights and interests, Wingtech Technology has initiated litigation in domestic courts and claimed temporary economic losses of 8 billion yuan from relevant entities of Allianz Netherlands.
The court has also ruled to freeze the other party’s domestic assets totaling 2.139 billion yuan based on the property preservation application for a period of three years to prevent relevant assets from being transferred and disposed of.
However, the company also admitted frankly that this preservation is not equivalent to winning the case. The case has not yet been heard, and there is still great uncertainty in the outcome of the litigation.
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