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Home > Finance > Wingtech Shanghai filing says CFO resigns for personal reasons

Wingtech Shanghai filing says CFO resigns for personal reasons

Published by Global Banking and Finance Review

Posted on February 3, 2026

2 min read

Last updated: February 3, 2026

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Tags:Appointment management financial management corporate governance financial crisis

Quick Summary

Wingtech's CFO Zhang Yanru resigns amid financial losses and Nexperia's operational issues. A Dutch court will soon rule on potential mismanagement investigations.

Wingtech CFO Resigns Citing Personal Reasons Amid Company Losses

Wingtech CFO Resignation Details

AMSTERDAM, Feb 3 (Reuters) - Chinese electronics company Wingtech said in a Shanghai Stock Exchange filing that its chief financial officer Zhang Yanru had resigned, citing personal reasons.

The filing was signed by Wingtech's board of directors and dated January 31, the day after the company said it would post a loss for 2025 as a result of losing control over its European computer chip-making subsidiary Nexperia. The forecast sparked a selloff in Wingtech's shares.

Nexperia's European production arm and its Chinese packaging and distribution arm have not been cooperating since Dutch government and court interventions in September and October.

Company's Financial Situation

The filing said the CFO's resignation would not impact Wingtech's operations. Reuters was not immediately able to reach Zhang for comment about her resignation.

A spokesperson for Wingtech said that Zhang is not a relative of Wingtech founder and former Nexperia CEO Zhang Xuezheng and declined further comment.

Nexperia declined to comment.

Legal Proceedings and Investigations

A Dutch court is due to rule by February 11 on whether to launch an investigation into alleged mismanagement at Nexperia, or whether to return control over the company to Wingtech.

(Reporting by Toby Sterling; Editing by Alexander Smith)

Key Takeaways

•Wingtech CFO Zhang Yanru resigns for personal reasons.
•The resignation follows Wingtech's forecasted financial losses.
•Nexperia's operational issues contribute to Wingtech's challenges.
•A Dutch court will decide on a potential Nexperia investigation.
•Wingtech's board assures operations remain unaffected.

Frequently Asked Questions about Wingtech Shanghai filing says CFO resigns for personal reasons

1What is a CFO?

A Chief Financial Officer (CFO) is an executive responsible for managing the financial actions of a company, including tracking cash flow, financial planning, and analyzing the company's financial strengths and weaknesses.

2What is corporate governance?

Corporate governance refers to the systems, principles, and processes by which a company is directed and controlled, ensuring accountability and transparency in its operations.

3What is a financial crisis?

A financial crisis is a situation where the value of financial institutions or assets drops significantly, often leading to widespread economic instability and loss of confidence in the financial system.

4What is a stock exchange?

A stock exchange is a marketplace where stocks, bonds, and other securities are bought and sold, providing a platform for companies to raise capital and investors to trade securities.

Wingtech CFO Resignation Details

AMSTERDAM, Feb 3 (Reuters) - Chinese electronics company Wingtech said in a Shanghai Stock Exchange filing that its chief financial officer Zhang Yanru had resigned, citing personal reasons.

Nexperia's European production arm and its Chinese packaging and distribution arm have not been cooperating since Dutch government and court interventions in September and October.

Company's Financial Situation

The filing said the CFO's resignation would not impact Wingtech's operations. Reuters was not immediately able to reach Zhang for comment about her resignation.

A spokesperson for Wingtech said that Zhang is not a relative of Wingtech founder and former Nexperia CEO Zhang Xuezheng and declined further comment.

Nexperia declined to comment.

Legal Proceedings and Investigations

A Dutch court is due to rule by February 11 on whether to launch an investigation into alleged mismanagement at Nexperia, or whether to return control over the company to Wingtech.

(Reporting by Toby Sterling; Editing by Alexander Smith)

Key Takeaways

•Wingtech CFO Zhang Yanru resigns for personal reasons.

•The resignation follows Wingtech's forecasted financial losses.

•Nexperia's operational issues contribute to Wingtech's challenges.

•A Dutch court will decide on a potential Nexperia investigation.

•Wingtech's board assures operations remain unaffected.

Frequently Asked Questions

1What is a CFO?

2What is corporate governance?

Corporate governance refers to the systems, principles, and processes by which a company is directed and controlled, ensuring accountability and transparency in its operations.

3What is a financial crisis?

4What is a stock exchange?

A stock exchange is a marketplace where stocks, bonds, and other securities are bought and sold, providing a platform for companies to raise capital and investors to trade securities.