Ge Weidong and Fang Wenyuan "appear together" to each participate in JAC's private placement with 1 billion yuan

Ge Weidong and Fang Wenyuan Rarely Appear Together! The private placement announcement released by JAC shows that Ge Weidong and Zhang Jianping's wife Fang Wenyuan both appear on the allocation list, each receiving 1 billion yuan. Ge Weidong and Fang Wenyuan Join Forces On February 10th, the private placement announcement released by JAC indicated that Ge Weidong and Zhang Jianping's wife Fang Wenyuan both participated in the company's private placement, each receiving 20,048,100 shares, with an allocation amount of 1 billion yuan. In addition to Ge Weidong, private equity funds such as Shenzhen Xinsizhe, Zhongyue Capital, and Hangzhou Zhichun Investment also participated in JAC's private placement and received allocations. According to the private placement announcement, JAC's issuance price is 49.88 yuan/share, which is 123.93% of the issuance floor price, indicating a high enthusiasm from the aforementioned institutions for participating in JAC. From the subscription quotes, Ge Weidong made two subscriptions, subscribing 700 million yuan at a price of 51.3 yuan/share and 1 billion yuan at a price of 50.25 yuan/share. Fang Wenyuan subscribed 1 billion yuan at a price of 50.67 yuan/share. The announcement also shows that after this private placement issuance, both Ge Weidong and Fang Wenyuan hold 20,048,100 shares, all of which are shares allocated from this private placement. In addition, Ge Weidong's related party Wang Ping holds 23,501,700 shares, ranking as the fifth largest shareholder. It should be noted that another related party of Ge Weidong, Ge Guilian, held 16,616,200 shares of JAC as of the end of the third quarter of 2025, ranking as the ninth largest shareholder of the company. After the shares from this private placement are listed, Ge Guilian disappears from the list of the top ten shareholders due to the latest tenth largest shareholder holding 18.5 million shares. "Zhang Jianping" Returns According to the private placement announcement, after JAC's private placement issuance, Fang Wenyuan holds 20,048,100 shares, consistent with the number of shares allocated from this private placement, indicating that she did not hold any shares of the company before the issuance. A review of JAC's past periodic reports reveals that as of the end of the first quarter of 2024, Zhang Jianping's wife Fang Wenyuan appeared in the company's top ten shareholders list, holding 52,610,000 shares, with a holding market value of 868 million yuan. In the second quarter of 2024, Fang Wenyuan's holdings increased by 3.46 million shares; in the third quarter of 2024, Fang Wenyuan further increased her holdings, and Zhang Jianping also appeared in the company's top ten shareholders list. As of the end of the third quarter of 2024, Fang Wenyuan holds 56,080,000 shares, with a holding market value of 1.406 billion yuan; Zhang Jianping holds 20,190,000 shares, with a holding market value of 506 million yuan. In the fourth quarter of 2024, JAC's stock price performed strongly. By the end of 2024, Zhang Jianping disappeared from the list of the top ten shareholders, while Fang Wenyuan significantly reduced her holdings by 25.97 million shares; in the first quarter of 2025, Fang Wenyuan also disappeared from the top ten shareholders of JAC. From the stock price trend of JAC, combined with the changes in holdings of Zhang Jianping and Fang Wenyuan, it can be roughly calculated that Zhang Jianping made a profit of about one billion yuan from JAC. After Zhang Jianping withdrew, Ge Weidong came in. JAC's semi-annual report for 2025 shows that Ge Weidong's associate, Ge Guilian, appeared on the list of the top ten shareholders of the company. As of the end of the second quarter of 2025, Ge Guilian held 11.861 million shares of the company, with a market value of 476 million yuan. In the third quarter of 2025, Ge Guilian increased her holdings to 16.6162 million shares. In addition, another associate of Ge Weidong, Wang Ping, entered as the fifth largest shareholder, holding 23.5017 million shares. "Ge Weidong" Reduces Holdings in Magpow From Ge Weidong's latest movements, in addition to participating in JAC's private placement, Ge Weidong also previously participated in Magpow's private placement but did not receive an allocation. Specifically, the subscription price situation disclosed by Magpow shows that Ge Weidong offered three subscription prices: 83.7 yuan, 79.98 yuan, and 75.6 yuan. Ultimately, the stock price for this issuance by Magpow was 85.01 yuan. From the latest disclosure of the top ten shareholders of Magpow, as of January 26, Wang Ping, an associate of Ge Weidong, held 11.4892 million shares of Magpow, with the number of shares unchanged compared to the end of last year. However, another associate of Ge Weidong, Ge Guilian, exited the top ten shareholders. According to past announcements, Ge Guilian reduced her holdings by at least 760,000 shares in January this year. From Ge Weidong's investment in Magpow, as of the end of the second quarter of 2025, Wang Ping became a new entrant in the top ten shareholders of Magpow, holding 4.3344 million shares. By the end of the third quarter of 2025, Wang Ping's shareholding increased to 11.4892 million shares. Ge Guilian also entered the top ten shareholders of Magpow, holding 6.0676 million shares. From Ge Weidong's holding style, he initially made his fortune through futures and has recently focused heavily on technology stocks in the secondary market over the past seven to eight years. According to announcements from listed companies, his name has appeared multiple times in technology stocks such as iFlytek, Zhongke Shuguang, Yonyou Network, Zhaoyi Innovation, and Quectel. In a previous public interview, Ge Weidong revealed his trading philosophy: "Do not act unless you are sure, and strike with certainty." He emphasized that investment requires a lion-like personality, being good at patience, learning to wait, and acting decisively when the time is right. Source: Shanghai Securities Journal