Wanli Shares' controlling shareholder's 500 million yuan lawsuit case has concluded this enforcement, with 142 million yuan already executed.

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Chongqing Wanli New Energy Co., Ltd. (stock code: 600847, stock abbreviation: Wanli Co., Ltd.) announced on March 26 that the equity transfer dispute litigation between its controlling shareholder, Jiatiansha Asset Management Co., Ltd. (hereinafter referred to as “Jiatiansha”), Shenzhen Nanfang Tongzheng Investment Co., Ltd. (hereinafter referred to as “Nanfang Tongzheng”), and Liu Xicheng has concluded this execution procedure. As of now, the actual amount executed in this case is 141.7856 million yuan, and no other executable property of the person being executed has been found. The announcement clarifies that this final execution ruling will not have a negative impact on the listed company’s profits.

According to reports, this litigation began in June 2023, when Jiatiansha filed a lawsuit with the Shanghai Financial Court regarding the equity transfer dispute, with Nanfang Tongzheng and Liu Xicheng as defendants. The Shanghai Higher People’s Court issued civil judgment No. (2025) Hu Min Zhong 33 in 2025, with the amount in question not exceeding 500 million yuan. After the case entered the execution stage, the Shanghai Financial Court took multiple execution measures, including issuing execution notices and property reporting orders to the person being executed, querying property through the “total-to-total” system, conducting on-site investigations at the residence of the person being executed, and issuing consumption restriction orders.

During the execution process, the court disposed of 10.0722 million unrestricted tradable shares of Wanli Co., Ltd. held by Nanfang Tongzheng through the judicial assistance execution platform of the Shanghai Stock Exchange, enabling Jiatiansha to realize a debt of 141.7856 million yuan. The announcement also disclosed that the pledged equity involved in the case is currently under a provisional seizure and cannot be disposed of. Jiatiansha is currently advancing the execution of 10% of Nanfang Tongzheng’s equity pledged by Liu Xicheng (corresponding to a capital contribution of 6.0006 million yuan), which is in the stage of communication and coordination with relevant courts for the transfer of disposal rights due to provisional seizure.

The announcement emphasizes that the company maintains independence from its controlling shareholder in terms of business, personnel, assets, institutions, and finances, and that this litigation’s final execution will not have a significant adverse impact on the company’s current and future profits and production operations. The company will continue to monitor the subsequent progress of the case and fulfill its information disclosure obligations in a timely manner.

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Editor: Xiaolang Quick Report