Shanghai Haishun New Pharmaceutical Packaging Co LtdDivorce lawsuit involving controlling shareholder may affect actual control, but company says operations unaffected.

A divorce dispute case filed by Lin Wuhui, the controlling shareholder and actual controller of Haishun New Materials, against Zhu Xiumei has been accepted by the Shanghai Songjiang District People's Court. The plaintiff Lin Wuhui has requested a divorce ruling and property division. The case is still in the acceptance stage and has not yet been heard, so the amount involved cannot be determined at this time. As of the announcement date, Lin Wuhui directly holds 86,964,753 shares of the company, accounting for 31.26% of the total share capital, while Zhu Xiumei directly holds 47,056,396 shares, accounting for 16.92%. Together they directly hold 134,021,149 shares, accounting for 48.18% of the total share capital. The company stated that this lawsuit only involves the personal shareholder rights of the controlling shareholder and actual controller, is unrelated to the company's production and operations, and will not have a significant impact on the company's operations. However, there is uncertainty as to whether the company's actual control will change.
Shanghai Haishun New Pharmaceutical Packaging Co LtdDivorce lawsuit involving controlling shareholder may affect actual control, but company says operations unaffected.