Another high price divorce case appears in the A-share market. On October 14, Xinjie electric (603416, SH; yesterday’s closing price of 90.10 yuan) announced that the company’s actual controller Li Xin’s shareholding rights and interests had changed. Among them, because of the divorce from his wife, Li Xin’s shares were separated. According to the current stock prices of listed companies, the value of the shares taken away is more than 1.5 billion yuan. Interestingly, in order to consolidate his control position, Li Xin asked Guo Zhiqiang, deputy general manager of Xinjie electric, for “help”. Guo Zhiqiang entrusted Li Xin with the voting right of all shares of Xinjie electric. From the resume, Li Xin and Guo Zhiqiang are similar in age and both graduated from Jiangnan University. According to the announcement of Xinjie electric, according to the voluntary divorce agreement signed by Li Xin and Liu Tingli, Li Xin shall divide and transfer the company’s 16.8672 million shares (12% of the total share capital of the listed company) directly held by Li Xin to Liu Tingli, and the above shares shall be owned by Liu Tingli from the date of transfer. At present, Li Xin is the controlling shareholder and actual controller of Xinjie electric, and serves as the chairman and general manager of the company. As of June 30, Li Xin held 49.3352 million shares of Xinjie electric, with a shareholding ratio of 35.10%. < / P > < p > for Liu Tingli, the split shares of Xinjie electric are valuable. By the end of October 15, the shares of Xinjie electric closed at 90.10 yuan / share, with 16.8672 million shares, and the market value of the shares was about 1.52 billion yuan. In the statement of changes in equity, Liu Tingli said that she had no plans to reduce or increase her holdings in the next 12 months. < p > < p > there is less public information about Liu Tingli. According to the statement of changes in equity, Liu Tingli was born in 1970, once worked in Xinjie electric, and is now a freelancer. According to the prospectus of Xinjie Electric Co., Ltd., Liu Tingli holds Wuxi Lexi Fiber Technology Co., Ltd. (hereinafter referred to as lexis fiber), which is mainly engaged in high-strength composite fiber and textile machinery parts business. According to qixinbao, the registered capital of lexis fiber is 2 million yuan, and Liu Tingli’s subscribed capital contribution is 1.54 million yuan. The company is relatively small. < / P > < p > for Li Xin, the split of 12% of the total share capital of the listed company will significantly reduce its shareholding ratio to 23.1% and reduce its control position. As of June 30, Zou Junyu, the second largest shareholder of Xinjie electric, held 29104600 shares of the company, accounting for 20.71%. The gap between its shareholding ratio and Li Xin is less than 5%. Zou Junyu is currently the director and deputy general manager of Xinjie electric. According to the prospectus of Xinjie electric, Zou Junyu graduated from the computer software major of Fudan University. In 2003, Zou joined Wuxi Xinjie Technology Electronics Co., Ltd. (founded by Li Xin in 2000 and later cancelled), and founded Xinjie electric with Li Xin in 2008. When Xinjie electric was founded, Li Xin and Zou Junyu invested 550000 yuan and 450000 yuan respectively, with the shareholding ratio of 55% and 45% respectively. From the perspective of experience, Li Xin and Zou Junyu have known each other for many years, and they are also entrepreneurial partners in common struggle. At the same time, in recent years, there has been no news of equity struggle on Xinjie electric. In addition, Xinjie electric announced on October 10 that Zou Junyu plans to reduce his holding of the company’s shares by centralized bidding from November 2, 2020 to February 2, 2021 due to personal capital demand, accounting for 1% of the total share capital of the company. It is worth mentioning that Li Xin seems to be worried about the weakening of his control. According to the synchronous announcement of Xinjie electric on the evening of October 14, Li Xin and Guo Zhiqiang, the shareholder of the company, signed the voting power entrustment agreement. Guo Zhiqiang currently holds 2.526 million shares of Xinjie electric, accounting for 1.82% of the total share capital of the listed company. Guo Zhiqiang entrusted all the voting rights corresponding to the 2552600 shares to Li Xinxing. The entrustment period of the agreement is from the date when Li Xin completes the share division and transfer according to the voluntary divorce agreement, and the validity period is three years. < / P > < p > for the reason of signing the above entrustment agreement, the announcement of Xinjie Electric is to “avoid the influence of Li Xin’s share split on the company’s control”. The listed company said that after the signing of the agreement, Li Xin will actually control the voting rights corresponding to 24.92% of the company’s shares. Li Xin is still the shareholder with the largest proportion of single voting rights and is still the actual controller of the company. < p > < p > listed companies believe that the signing of the agreement is conducive to maintaining the stability of the existing control rights of the company, avoiding the management and control risks caused by the stock split, maintaining the stability of the company’s management and operating structure, and ensuring the sustainable, healthy and stable development of the company. According to the resume information, Guo Zhiqiang and Li Xin are similar in age and both graduated from Jiangnan University. Li Xin was born in 1970 and graduated from the Department of electronics, Jiangnan University. Guo Zhiqiang, born in 1969, graduated from Jiangnan University majoring in industrial electrical automation. He has been in charge of sales management in Xinjie electric since December 2010, and currently serves as the deputy general manager of Xinjie electric. Xinjie Electric is mainly engaged in the R & D, production and sales of industrial automation control products. Since July, the stock price of Xinjie Electric has been rising continuously, with an accumulative increase of more than 130%. < / P > < p > Disclaimer: the purpose of this article reprinted by china.com finance and economics is to convey more information and does not represent the views and positions of the website. The content of this paper is for reference only and does not constitute investment advice. Investors operate accordingly and bear their own risks. < p > < p > Chinanet is a national key news website under the leadership of the Information Office of the State Council and managed by China foreign language publishing and Distribution Bureau. 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