Lancy founder Shen Dongri and Weng Jie have dissolved their marriage, with Shen transferring 80.4827 million company shares to Weng, representing 18.19% of total share capital. Based on the July 24 closing price, the stake is valued at approximately 922 million yuan. Following this equity change, Shen Dongri, his sister Shen Jinhua, and persons acting in concert together hold 38.38% of the company. Shen Dongri directly holds 29.63% and remains the controlling shareholder and actual controller, with no change in company control. Weng Jie becomes the second-largest shareholder, and both parties have issued share reduction commitment letters. Lancy's main businesses are fashion women's wear, medical aesthetics, and green baby products. For the first half of the year, net profit attributable to the parent is expected to decline by 65.78% to 76.59% year-on-year.
Lancy Co LtdFounder divorce transfers 18.19% stake to ex-wife, no change in control, but share reduction commitments and expected profit decline add uncertainty.