Ge Weidong and Fang Wenyan join forces! Each invests 1 billion yuan in the Jianghuai Automobile private placement.

Ge Weidong and Fang Wenyan in a rare appearance together!

The private placement announcement released by JAC Motors shows that both Ge Weidong and Zhang Jianping's wife Fang Wenyan appeared on the list of allocated shares, each receiving 1 billion yuan.

Ge Weidong and Fang Wenyan join forces

On February 10, the private placement announcement from JAC Motors shows that Ge Weidong and Zhang Jianping's wife Fang Wenyan both participated in the company's private placement, each being allocated 20.0481 million shares, with an allocation amount of 1 billion yuan each.

In addition to Ge Weidong, several private equity funds such as Shenzhen New Thinker, Zhongyue Capital, Hangzhou Zhichun Investment also participated in JAC Motors’ private placement and received allocations.

According to the private placement announcement, the issue price of JAC Motors this time was 49.88 yuan/share, 123.93% of the minimum issue price, indicating strong enthusiasm from the participating institutions.

From the subscription quotes, Ge Weidong had two subscriptions: bidding 700 million yuan at 51.3 yuan/share and 1 billion yuan at 50.25 yuan/share. Fang Wenyan bid 1 billion yuan at 50.67 yuan/share.

The announcement also shows that after this private placement, both Ge Weidong and Fang Wenyan hold 20.0481 million shares, all from the current allocation. In addition, Ge Weidong's associate Wang Ping holds 23.5017 million shares, making her the fifth largest shareholder.

It should be noted that another associate of Ge Weidong, Ge Guilian, held 16.6162 million shares of JAC Motors as of the end of Q3 2025, making her the ninth largest shareholder of the company.

After the listing of the new shares from the private placement, since the latest tenth largest shareholder holds 18.5 million shares, Ge Guilian dropped out of the top ten shareholders list.

"Zhang Jianping" returns

According to the private placement announcement, after the issuance, Fang Wenyan holds 20.0481 million shares, which matches the number allocated in this private placement, indicating she held no shares before the issuance.

Looking back at previous periodic reports from JAC Motors, as of the end of Q1 2024, Zhang Jianping's wife Fang Wenyan appeared among the company’s top ten shareholders, holding 52.61 million shares with a market value of 868 million yuan.

In Q2 2024, Fang Wenyan increased her position by 3.46 million shares; in Q3 2024, Fang Wenyan further increased her holdings, and Zhang Jianping also appeared among the top ten shareholders. As of the end of Q3 2024, Fang Wenyan held 56.08 million shares worth 1.406 billion yuan; Zhang Jianping held 20.19 million shares worth 506 million yuan.

In Q4 2024, JAC Motors' stock price performed strongly. As of year end 2024, Zhang Jianping disappeared from the top ten shareholders list, and Fang Wenyan significantly reduced her holdings by 25.97 million shares; in Q1 2025, Fang Wenyan also disappeared from the top ten shareholders list.

Based on JAC Motors' share price trends and the changes in Zhang Jianping and Fang Wenyan's holdings, it can be roughly calculated that Zhang Jianping made about 1 billion yuan in profits from JAC Motors.

After Zhang Jianping exited, Ge Weidong arrived.

JAC Motors' 2025 interim report shows that Ge Weidong's associate Ge Guilian appeared among the top ten shareholders. As of the end of Q2 2025, Ge Guilian held 11.861 million shares worth 476 million yuan.

In Q3 2025, Ge Guilian increased her holdings to 16.6162 million shares. In addition, another associate of Ge Weidong, Wang Ping, became the new fifth largest shareholder, holding 23.5017 million shares.

"Ge Weidong" reduces holdings in Megmeet

Looking at Ge Weidong's latest moves, in addition to participating in JAC Motors’ private placement, he also previously participated in Megmeet’s private placement but was not allocated shares.

Specifically, Megmeet's disclosure on subscription quotes shows that Ge Weidong offered three prices: 83.7 yuan, 79.98 yuan, and 75.6 yuan. Megmeet finally issued shares at 85.01 yuan.

According to Megmeet's latest top ten shareholders disclosure, as of January 26, Ge Weidong's associate Wang Ping held 11.4892 million shares in Megmeet, with no change from last year end. However, another associate of Ge Weidong, Ge Guilian, dropped out of the top ten shareholders. Based on earlier announcements, Ge Guilian reduced at least 760,000 shares in January this year.

Looking at Ge Weidong’s investments in Megmeet, as of the end of Q2 2025, Wang Ping became a newly added top ten shareholder, holding 4.3344 million shares.

By the end of Q3 2025, Wang Ping’s shareholding increased to 11.4892 million shares. Ge Guilian also entered the top ten shareholders, holding 6.0676 million shares.

Looking at Ge Weidong’s investment style, he originally built his fortune through futures, and in the past seven or eight years has started to heavily invest in technology stocks in the secondary market. According to listed company disclosures, his name has repeatedly appeared in tech stocks such as iFlytek, Sugon, Yonyou Network, GigaDevice, Quectel Wireless, etc.

In previous interviews, Ge Weidong revealed his philosophy of trading: "When not acting, stand still; when acting, hit the mark in one strike." He emphasized that investing requires a lion-like personality, patience and waiting—don’t act unless necessary, but when you do, hit the target precisely.

Source: Shanghai Securities News

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