Published by Global Banking & Finance Review®
Posted on February 3, 2026
2 min readLast updated: February 3, 2026
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Wingtech's CFO Zhang Yanru resigns amid financial losses and Nexperia's operational issues. A Dutch court will soon rule on potential mismanagement investigations.
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.
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.
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)
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.
Corporate governance refers to the systems, principles, and processes by which a company is directed and controlled, ensuring accountability and transparency in its operations.
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.
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.
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