On May 30th, Digital China Group Co.,Ltd. (SHE: 000034) announced a significant development in a major lawsuit. The announcement disclosed that the personal marriage and family dispute involving the company's controlling shareholder, actual controller, and Chairman Guo Wei has reached a final adjudication.
The Beijing First Intermediate People's Court issued a final judgment on the appeal, legally dismissing the appeal and upholding the original first-instance ruling.
On October 10, 2025, Digital China Group Co.,Ltd. announced that the first-instance judgment for the marriage and family dispute case involving controlling shareholder and actual controller Guo Wei was issued on September 30, 2025, ruling for his divorce from Guo Zhengli. Regarding property division matters, the court will continue the trial and make a separate ruling. The other party in the case, Guo Zhengli, dissatisfied with the first-instance result, legally appealed to the Beijing First Intermediate People's Court. Recently, the court issued the Civil Judgment Document (2026) Jing 01 Min Zhong No. 446, ultimately ruling to dismiss the appeal and uphold the original judgment. This ruling is the final and effective judgment, and disputes related to the marital relationship have been judicially concluded.
According to case progress information, this final judgment only adjudicates the appeal disputes related to the marital relationship. Core claims involving substantial joint marital property and the division of listed company shares between the parties remain under continued trial by the Beijing Haidian District People's Court, with no clear result currently.
Public equity data shows that as of the end of the first quarter of 2026, Guo Wei directly holds 155 million shares of Digital China Group Co.,Ltd., accounting for 21.35% of the company's total share capital, making him the largest shareholder and actual controller.
Tracing the history of share freezes, in January 2025, 77.3889 million shares under Guo Wei's name were frozen, representing 50% of his total holdings and 11.56% of the company's total share capital. Based on the stock price at that time, the corresponding market value was approximately 3.394 billion yuan. By May 2026, 100% of his shareholding had been frozen, corresponding to a latest market value of approximately 5.5 billion yuan.
Regarding this lawsuit, Digital China Group Co.,Ltd. stated clearly in the announcement that the company is completely separate from its controlling shareholder and actual controller in terms of assets and other aspects, possessing independent and complete assets, business, and autonomous operational capabilities. This lawsuit only involves the personal shareholder rights of the controlling shareholder and actual controller in the company and will not have a significant impact on the company's profits or production and operational conditions.
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