The shareholder qualification confirmation dispute between Bitmain and Zhan Ketuan came to an end, and the original ruling was upheld

According to information published on China Judgments Online on April 26, the final ruling on the shareholder qualification confirmation dispute between Fujian Zhanhua Intelligent Technology Co., Ltd. and Beijing Bitmain Technology Co., Ltd. and Zhan Ketuan was made according to BlockBeats. The results showed that Fujian Zhanhua Intelligent Technology Co., Ltd. and Beijing Bitmain Technology Co., Ltd. claimed that the corresponding value of the 36% equity in dispute in this case exceeded 20 million yuan, but they did not provide evidence to prove it. Therefore, their grounds for appeal are not valid and this court does not support them.

The document shows: The appeal is dismissed and the original ruling is upheld. This ruling is the final ruling.

According to BlockBeats, Bitmain co-founder Zhan Ketuan applied to the court for pre-litigation property preservation on December 9, 2019, requesting the freezing of 36% of the equity of Fujian Zhanhua Intelligent Technology Co., Ltd. held by the respondent Beijing Bitmain Technology Co., Ltd. After review by the Changle District People's Court of Fuzhou City, Fujian Province, the applicant Zhan Ketuan's property preservation application complies with the law and can be approved. The 36% equity of Fujian Zhanhua Intelligent Technology Co., Ltd. held by the respondent Beijing Bitmain Technology Co., Ltd. (equivalent to RMB 3,600,000) will be frozen for two years.

Public information shows that Fujian Zhanhua Intelligent Technology Co., Ltd. is a wholly-owned subsidiary of Bitmain, with Zhan Ketuan as the legal representative and main members including Zhan Ketuan and Wu Jihan. The business scope includes the design, development, and sales of integrated circuit chips and semiconductor products, and the provision of related technical development, technical consulting, and technical services; sales and after-sales service of electronic products and basic software; maintenance of electronic products; sales of communication equipment; self-operation and agency of import and export of various commodities and technologies, except for commodities and technologies that are restricted by the state to be operated by companies or prohibited from import and export; leasing services for mechanical equipment and electronic products. (Projects that must be approved according to law can only be carried out after approval by relevant departments).

Original link: https://wenshu.court.gov.cn/website/wenshu/181107ANFZ0BXSK4/index.html?docId=c42452622f6441039066aba9009c7cbd