On October 12, Wingtech Technology made an announcement revealing that its pivotal semiconductor entity, Nexperia, encountered dual constraints imposed by the Dutch government and a judicial body. The Dutch Ministry of Economic Affairs and Climate Policy issued an order mandating a one - year 'freeze' on assets and related affairs across Nexperia's 30 global business entities.

In reaction to a petition from three overseas executives, a local Dutch court took a series of actions. It suspended the directorial role of Zhang Xuezheng, the founder of Wingtech Technology, at Nexperia. Additionally, it appointed an independent director endowed with 'decisive voting power' and transferred almost all of Wingtech Technology's equity stakes under the management of a third - party entity.

Nexperia plays a vital role as a key profit generator and the business heart of Wingtech Technology. In 2024, its semiconductor operations contributed significantly, generating RMB 14.715 billion in revenue and RMB 2.297 billion in net profit.

Wingtech Technology is resolutely against this unfair treatment. It strongly denounces the act of power grabbing under the pretext of 'compliance' and has already initiated both legal and diplomatic channels to protect its legitimate rights.

In the face of this crisis, Wingtech Technology has implemented a series of measures. These include stabilizing the operational environment, exploring legal recourses, and seeking support from the government. Nevertheless, it is still uncertain how the market will evaluate the impact once trading of its stocks resumes.