This afternoon, the staff of Luxshare Precision Industry's securities department told media that there is no association relationship between the company's controlling shareholder Wang Laichun and Wu Zhengwei, and there is no entrusted shareholding.
Earlier, there were media reports that Wu Zhengwei, the former executive of Luxshare's management center, complained that he had a dispute over equity holdings with Wang Laichun, the actual controller of Luxshare.
The Luxshare Precision shares involved in this dispute accounted for approximately 5.336% of the total shares, with a market value of 19.993 billion yuan.