Subsidiary Bribery Case "Removes" Chairman: Winning Health Plans Appeal and Initiates Emergency Leadership Change

Deep News11-06

On November 5, Winning Health Technology Group Co., Ltd. (300253) announced the latest developments regarding its actual controller and Chairman Zhou Wei, as well as litigation involving its subsidiary.

The company and its wholly-owned subsidiary Shenzhen Winning Zhongtian Software Co., Ltd. received a "Criminal Judgment" issued by the Dianbai District People's Court of Maoming City, Guangdong Province, on November 5, 2025. The first-instance ruling found Shenzhen Winning Zhongtian guilty of corporate bribery, imposing a fine of RMB 800,000. Zhou Wei was convicted of corporate bribery and sentenced to one year and six months in prison, along with a fine of RMB 200,000. The judgment has not yet taken effect, and both the defendant company and Zhou Wei have decided to appeal to the Maoming Intermediate People's Court of Guangdong Province.

According to the announcement, Shenzhen Winning Zhongtian is a regional subsidiary, with its revenue and net profit accounting for less than 1% of the company's total over the past three years. The imposed fine represents 0.9% of the company's latest audited net profit attributable to shareholders.

Currently, Zhou Wei is unable to perform his duties normally. The company will convene a board meeting as soon as possible to deliberate on appointing Vice Chairman Liu Ning as acting Chairman and legal representative.

In the first three quarters of 2025, Winning Health reported revenue of RMB 1.296 billion and a net loss attributable to shareholders of RMB 241 million.

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