On October 12, Wingtech Technology made a public announcement stating that, on September 30, the Dutch government issued a ministerial decree. This decree mandates that its controlled subsidiary, Nexperia, along with its 30 global entities, must refrain from making any adjustments to assets, intellectual property, business operations, and personnel for a period of one year. This move effectively freezes Wingtech's strategic management authority over Nexperia. In a parallel development, on October 1, Nexperia's foreign executives—including the Chief Legal Officer, Chief Financial Officer, and Chief Operating Officer—submitted an application for emergency measures to the Enterprise Chamber. The court swiftly issued a ruling, which came into effect without a prior hearing. This ruling suspends the directorial role and CEO authority of Zhang Xuezheng, the Chairman of Wingtech Technology, at Nexperia. Additionally, it places the Nexperia shares held by Wingtech's Hong Kong subsidiary, Yucheng Holdings, under the custody of an independent third party.
On October 7, the court further escalated its decision by ruling to appoint foreign non-executive directors and granting them decisive voting rights. This resulted in Wingtech's complete loss of governance and voting rights over Nexperia, although it retains only economic benefits, such as dividends. Nexperia reported an approximate revenue of RMB 14.7 billion in 2024, which constitutes roughly one-sixth of Wingtech Technology's total revenue. At present, Nexperia's daily operations continue uninterrupted. However, in the short term, it is expected to face temporary changes or extensions in its decision-making chain. Wingtech Technology has stated that it is actively exploring legal remedy options and is proactively engaging with relevant government departments to seek support. The company also announced that it will resume trading starting from October 13.
 
             
                     
                    