On July 24, 2026, China’s fashion company, Langzi Co., Ltd. (Langzi), announced that due to a divorce, the company’s chairman and controlling shareholder split their shares. The woman received company shares worth approximately 922 million yuan, making her the second-largest shareholder in the company.
According to the “Announcement on Changes in the Equity of Controlling Shareholders” released by Langzi on the 24th, the company stated that they recently received a notification from the controlling shareholder, Mr. Shen Dongri, informing them of his divorce from Ms. Weng Jie on July 23, 2026. As a result, he transferred 80,482,733 shares directly held by him (18.19% of the total share capital) to Ms. Weng Jie.
After the share split, Weng Jie directly held approximately 80.48 million shares of the company, accounting for 18.19% of the total share capital, becoming the second-largest shareholder.
On July 25, as reported by Jiu Pai Finance, based on Langzi’s A-share closing price of 11.45 yuan per share on July 25, the total market value of Weng Jie’s 80,482,733 shares from the divorce amounted to approximately 922 million yuan.
To alleviate investors’ concerns about whether both parties would sell their shares after the divorce, the announcement mentioned that Shen Dongri and Weng Jie both issued a “Shareholding Reduction Commitment Letter”, confirming that there was no subjective intention to evade the reduction regulations. They both have no plans to increase or decrease their shares in the listed company in the next 12 months.
Public records show that Langzi Co., Ltd. was established in 2006, headquartered in Beijing. The company’s main business includes high-end women’s fashion, medical beauty, and green infant products. It is the first A-share listed company in China’s high-end women’s fashion industry and a listed company in China’s medical beauty sector.
According to Langzi’s “2026 Half-Year Performance Forecast”, the company expects to achieve a net profit attributable to shareholders of 65-95 million yuan in the first half of the year, representing a year-on-year decrease of 65.78% to 76.59%.
As of the closing on July 24, Langzi’s stock price was at 11.45 yuan per share, with a total market value of 5.066 billion yuan.