北京商报讯（记者吴其芸）12月22日晚，海昌海洋公园发布公告称，海昌海洋公园收到公司董事会主 席、执行董事兼行政总裁俞发祥家属通知，俞发祥因涉嫌犯罪被绍兴市公安局采取刑事强制措施，案件 正在调查过程中。 截至目前，海昌海洋公园未收到有关机关要求公司协助调查的通知，公司控制权未发生变化。除本公告 披露外，公司董事和高级管理人员均正常履职，公司生产经营一切正常，相关事项预计不会对集团正常 生产经营产生重大影响。 俞发祥拟委托公司执行董事欧阳明代为行使董事会主席、执行董事兼行政总裁的职责直至另行通知为 止。 当日，董事会收到公司非执行董事俞红华提交的书面辞职通知，本公告之日起，俞红华因个人原因辞去 担任公司非执行董事及薪酬委员会成员职务，辞职后将不再担任公司任何职务。董事会宣布，紧随俞红 华辞任，公司非执行董事赖志林获委任本公司薪酬委员会成员。 （文章来源：北京商报） ...

Core Viewpoint - The stock of Ocean Park (02255) has dropped over 6% following the announcement of its chairman and CEO, Yu Faxiang, being subjected to criminal coercive measures by the Shaoxing Public Security Bureau due to an ongoing investigation [1] Group 1: Company Announcement - On December 22, Ocean Park announced that it received notification from the family of Yu Faxiang regarding his criminal investigation, but the company has not been requested to assist in the investigation and its control remains unchanged [1] - The company stated that all directors and senior management are performing their duties normally, and operations are running smoothly, with no significant impact expected on the group's normal business operations [1] Group 2: Financial Context - The recent turmoil is linked to overdue financial products issued by the "Xiangyuan System," specifically related to a real estate cooperation project with Xiangyuan Holdings [1] - On December 7, Ocean Park disclosed that the overdue financial products are tied to Xiangyuan Holdings, which, along with Yu Faxiang, bears joint guarantee responsibility for the repayment obligations [1] - On October 17, Ocean Park announced the completion of a share subscription with Xiangyuan Holdings, which injected HKD 2.295 billion, making it the controlling shareholder [1]

Core Viewpoint - The stock of Ocean Park (02255) has dropped over 6% following the announcement of its chairman and CEO, Yu Faxiang, being subjected to criminal coercive measures by the Shaoxing Public Security Bureau due to an ongoing investigation [1] Group 1: Company Announcement - On December 22, Ocean Park announced that it received notification from the family of Yu Faxiang regarding his criminal investigation, but the company has not been requested to assist in the investigation and its control remains unchanged [1] - The company stated that all directors and senior management are performing their duties normally, and operations are running smoothly, with no significant impact expected on the group's normal production and operations [1] Group 2: Related Financial Issues - The turmoil is linked to overdue financial products issued by the "Xiangyuan System," which are associated with a real estate cooperation project of Xiangyuan Holdings [1] - On December 7, Ocean Park disclosed that the overdue financial products are guaranteed by Xiangyuan Holdings and Yu Faxiang, who bears joint liability for the repayment obligations [1] - On October 17, Ocean Park announced the completion of a share subscription with Xiangyuan Holdings, which injected HKD 2.295 billion, making it the controlling shareholder [1]

Core Viewpoint - Three listed companies, Xiangyuan Cultural Tourism, Jiaojian Co., and Haichang Ocean Park, announced that their actual controller, Yu Faxiang, has been taken into criminal custody by the Shaoxing Public Security Bureau due to suspected criminal activities, with investigations ongoing [1][3]. Group 1: Company Announcements - As of the announcement date, none of the three companies have received requests for assistance in the investigation, and their control has not changed, with normal production and operations continuing [3]. - The incident is a result of ongoing debt risks within the Xiangyuan Group, with financial products guaranteed by Xiangyuan Holdings and Yu Faxiang facing overdue payments totaling up to 20 billion yuan [3][5]. - On December 7, Xiangyuan Cultural Tourism and Jiaojian Co. issued statements clarifying that the overdue financial products are unrelated to the listed companies and that Yu Faxiang is responsible for the guarantees [3]. Group 2: Regulatory and Legal Actions - Following the debt crisis, regulatory authorities intervened, forming a working group to assist Xiangyuan Holdings and ensure normal operations while investigating the company's financial situation [5]. - The core equity of the Xiangyuan Group has been largely frozen, with Jiaojian Co. disclosing that shares held by its controlling shareholder and Yu Faxiang have been judicially frozen [6][8]. - Specific data shows that Xiangyuan Holdings holds 274.29 million shares of Jiaojian Co., accounting for 44.32% of the total share capital, with all shares frozen [7]. Group 3: Company Background and Current Status - Yu Faxiang, born in 1971, is the chairman of Xiangyuan Holdings, which controls three listed companies and has a net worth of 14.5 billion yuan, ranking 465th on the Hurun Rich List [8]. - Xiangyuan Holdings, founded in 1992, focuses on cultural tourism investment and operates over 50 projects, while also being involved in infrastructure and real estate [8]. - The three listed companies have emphasized their operational independence from the controlling shareholder, asserting no non-operational fund occupation or illegal guarantees exist [8].

Core Viewpoint - The recent criminal measures taken against Yu Faxiang, the actual controller of three listed companies under the "Xiangyuan system," have raised concerns about the impact on these companies due to overdue financial products issued by Xiangyuan Holdings [1][3][4]. Group 1: Company Announcements - On December 22, Xiangyuan Cultural Tourism (600576.SH), Jiaojian Co., Ltd. (603815.SH), and Ocean Park Holdings (02255.HK) announced that Yu Faxiang was taken into criminal custody by the Shaoxing Public Security Bureau due to suspected criminal activities [1][3]. - The three companies confirmed that they had not received any requests for assistance in investigations and that their control, management, and operations remained normal [1][3][4]. Group 2: Related Personnel Changes - Yu Honghua, associated with Yu Faxiang, resigned from his positions in the listed companies due to personal reasons [2][8]. - Yu Honghua has been involved in the "Xiangyuan system" since 1998 and held various positions, including financial director and board member [2][8]. Group 3: Financial Product Issues - The turmoil in the three listed companies stemmed from overdue financial products related to real estate cooperation projects, for which Yu Faxiang and Xiangyuan Holdings bear joint guarantee responsibilities [3][9]. - The overdue financial products were disclosed in a joint announcement by the companies on December 7 [3][9]. Group 4: Judicial Actions and Share Freezes - As of December 16, Yu Faxiang and related parties had a total of 612 million shares frozen, representing 58.08% of Xiangyuan Cultural Tourism's total shares [4][11]. - Jiaojian Co., Ltd. reported that 27.43 million shares were under judicial freeze, with additional shares facing potential full freeze [11][12]. Group 5: Company Independence and Financial Status - Both companies stated that they maintain independence in assets, business, and finance from their controlling shareholder, and there are no violations affecting company interests [12]. - Xiangyuan Holdings claims to have approximately 30-40 billion in real estate assets and is actively seeking new financing channels [12].

Core Viewpoint - The article discusses the legal troubles faced by Yu Faxiang, the actual controller of three listed companies under the "Xiangyuan System," due to overdue financial products, leading to his criminal detention and potential implications for the companies involved [3][5]. Group 1: Company Developments - Yu Faxiang has been taken into criminal custody by the Shaoxing Public Security Bureau for suspected criminal activities, as announced by Xiangyuan Cultural Tourism (600576.SH) and Jiaojian Co., Ltd. (603815.SH) [3][5]. - The companies confirmed that they have not received any requests for assistance in the investigation and that their operations remain normal, with no significant impact expected on their business [3][5]. - Yu Honghua, associated with Yu Faxiang, resigned from his positions in the listed companies due to personal reasons [3][4]. Group 2: Financial Issues - The crisis originated from overdue financial products issued by Xiangyuan Holdings, for which Yu Faxiang and the companies bear joint guarantee responsibilities [5]. - As of December 16, shares held by Yu Faxiang and the controlling shareholder of Xiangyuan Cultural Tourism have been judicially frozen, with a total of 612 million shares (58.08% of total shares) affected [6][7]. - Jiaojian Co., Ltd. reported that 27.43 million shares are under judicial freeze, with an additional 202 million shares marked for judicial action, indicating significant financial distress [6][7]. Group 3: Company Assets and Future Outlook - Xiangyuan Holdings claims to possess approximately 30-40 billion in real estate assets and is actively seeking new financing channels to address its financial challenges [7].

Core Viewpoint - The forced criminal measures taken against Yu Faxiang, the actual controller of three listed companies under the "Xiangyuan System," are linked to overdue repayment issues of financial products issued by the group, raising concerns about the stability of these companies and their operations [1][3]. Group 1: Company Actions and Announcements - On December 22, 2025, three listed companies, Xiangyuan Cultural Tourism (600576.SH), Jiaojian Co., Ltd. (603815.SH), and Ocean Park Holdings (02255.HK), announced that Yu Faxiang was taken into criminal custody by the Shaoxing Public Security Bureau due to suspected criminal activities [1]. - The companies confirmed that they had not received any requests for assistance in investigations and that their control structure remained unchanged, with normal operations continuing [1][5]. - Yu Honghua, associated with Yu Faxiang, resigned from his positions in the listed companies for personal reasons, indicating potential shifts in management [1][2]. Group 2: Financial Product Issues - The crisis originated from overdue financial products linked to real estate projects managed by Xiangyuan Holdings, with Yu Faxiang and the company bearing joint guarantee responsibilities for these obligations [3]. - As of December 12, 2025, a work group from Shaoxing City was deployed to assist Xiangyuan Holdings in managing its assets and liabilities, ensuring compliance with debt responsibilities [4]. Group 3: Shareholder and Stock Implications - As of December 16, 2025, Yu Faxiang and related parties had a total of 612 million shares frozen, representing 58.08% of Xiangyuan Cultural Tourism's total share capital, with additional shares under judicial freeze [4]. - Jiaojian Co., Ltd. reported that 27.43 million shares were under judicial freeze, with 202 million shares marked for judicial action, indicating significant legal challenges ahead [4]. - Despite the freezing of shares, both companies asserted that their operations and governance structures remained independent from the controlling shareholder, although the high percentage of frozen shares could pose risks to control stability in the future [5].

Core Viewpoint - The investigation into Xiangyuan Holdings' financial situation has been initiated due to issues related to overdue financial products, leading to the detention of its actual controller, Yu Faxiang, on criminal charges [1][3]. Group 1: Company Actions and Announcements - Xiangyuan Wenlv (600576.SH) and Jiaojian Co. (603815.SH) announced on December 22 that Yu Faxiang has been taken into criminal custody, with the investigation ongoing [1]. - The companies confirmed that they have not received any requests for assistance from authorities and that their control and operations remain unaffected [1]. - Yu Honghua, associated with Yu Faxiang, resigned from his positions in the listed companies due to personal reasons [1]. Group 2: Financial Product Issues - The crisis originated from overdue financial products issued by Xiangyuan Holdings, which are linked to real estate cooperation projects [3]. - Yu Faxiang is responsible for the repayment obligations of these financial products, which has raised concerns about the company's financial stability [3]. Group 3: Shareholder and Asset Status - As of December 16, Yu Faxiang and related parties have had a total of 612 million shares frozen, representing 58.08% of Xiangyuan Wenlv's total share capital [4]. - Jiaojian Co. reported that 27.43 million shares are under judicial freeze, with an additional 202 million shares marked for judicial action [4]. - The companies maintain that their operations and governance remain independent from the issues faced by the controlling shareholder [5]. Group 4: Financial Health and Future Outlook - Xiangyuan Holdings claims to possess approximately 30-40 billion in real estate assets and is actively seeking new financing channels to address its financial challenges [5].

海昌海洋公园在港交所公告，公司于2025年12月22日收到董事会主席、执行董事兼行政总裁俞发祥家属 通知，俞发祥因涉嫌犯罪被绍兴市公安局采取刑事强制措施，案件正在调查过程中。截至本公告日，未 收到有关机关要求协助调查的通知，公司控制权未发生变化，董事和高级管理人员均正常履职，生产经 营一切正常，相关事项预计不会对集团正常生产经营产生重大影响。俞发祥拟委托公司执行董事欧阳明 代为行使董事会主席、执行董事兼行政总裁职责直至另行通知为止。同日，董事会收到非执行董事俞红 华提交的书面辞职通知，其因个人原因辞去非执行董事及薪酬委员会成员职务，辞任后将不再担任公司 任何职务。 ...

Core Viewpoint - The actual controller of the "Xiangyuan System," Yu Faxiang, has been subjected to criminal coercive measures by the police due to suspected criminal activities, impacting multiple listed companies under his control [3][4][5]. Group 1: Company Announcements - Xiangyuan Cultural Tourism, Jiaojian Co., and Haichang Ocean Park announced that Yu Faxiang has been taken into criminal coercive measures, and the case is under investigation [3][4][5]. - All three companies confirmed that they have not received any requests from authorities for assistance in the investigation, and their control has not changed [7]. - The companies stated that their production and operations remain normal and that the situation will not significantly impact their business [7]. Group 2: Background Information - Yu Faxiang, born in 1971 in Zhejiang Shengzhou, is the chairman of Xiangyuan Holding Group and has a net worth of 14.5 billion yuan, ranking 465th on the Hurun Rich List as of October 2025 [7]. - The Xiangyuan Group, founded in 1992, primarily focuses on cultural tourism investment and has developed over 50 projects across 17 provinces, including 6 World Heritage sites and numerous national scenic areas [9]. - Reports indicate ongoing issues with defaults on financial products related to real estate projects associated with Xiangyuan Holding, with Yu Faxiang and the holding company bearing joint guarantee responsibilities for these obligations [8].