The owner of STO Express was asked for her shares by her ex-husband who had been divorced for 13 years. The market value was as high as 280 million yuan.

Thirteen years after the divorce, Chen Xiaoying, the founder of STO Express, was sued by her ex-husband Xi Chunyang.Last night, STO Express announced that the company had recently received relevant litigation materials from the Yuhuan City People's Court. Xi Chunyang filed a civil lawsuit against the company and Chen Xiaoying, one of the company's actual controllers, on the grounds of a dispute over the confirmation of shareholder identity and qualifications.

STO Express was listed as the defendant, Chen Xiaoying was listed as the third party, and Xi Chunyang’s main litigation claim focused on the identification of the ownership of an equity stake.

The announcement showed that Xi Chunyang requested the court to order that half of the 40.5685 million shares of the company registered under Chen Xiaoying's name be owned by him.

Based on the closing price of STO Express on that day, the corresponding market value of this part of the shares is as high as 280 million yuan.

In addition, STO Express stated in the announcement that the litigation matter is a shareholder qualification dispute involving the division of divorce property between Xi Chunyang and Chen Xiaoying, and has no direct impact on the profits and losses of the listed company.

Public information shows that Chen Xiaoying and Xi Chunyang are important figures in the development history of STO Express.

Among them, Chen Xiaoying is the founder and one of the actual controllers of STO Express, and is known as the "Queen of Express" in the industry.

In 1998, Chen Xiaoying's first husband Nie Tengfei died unexpectedly in a car accident.

Subsequently, Chen Xiaoying, with the help of her brother Chen Dejun, made STO Express bigger and bigger until it completed a backdoor listing.

In September 2017, Chen Xiaoying resigned as the company's vice chairman, director, and member of the strategy committee of the board of directors. Chen Dejun currently serves as the chairman of STO Express.

Xi Chunyang is Chen Xiaoying’s second husband. He once served as the executive president of STO Express and the chairman of Tiantian Express.

In 2012, Xi Chunyang and Chen Xiaoying dissolved their marriage; in 2017, Suning.com acquired the entire equity of Tiantian Express at a valuation of 4.25 billion yuan, and Xi Chunyang chose to cash out and leave.

Xi Chunyang claimed this time that the 40.568 million shares of the company directly registered under Chen Xiaoying's name were one of the specific joint properties of the couple that they agreed to divide when they divorced and were transformed through reorganization and listing.

According to the agreement on property division when the parties divorced, both the company and Chen Xiaoying should vest 50% of the aforementioned 4056.85 shares (i.e. 2028.42 shares) to the plaintiff, and apply to China Securities Depository and Clearing Co., Ltd. for non-trading transfer procedures to the name of the plaintiff Xi Chunyang.