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].

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, with investigations ongoing [1]. Group 1: Company Announcements - On December 22, Xiangyuan Cultural Tourism, Jiaojian Co., and Haichang Ocean Park simultaneously announced that Yu Faxiang was taken by the Shaoxing Public Security Bureau for criminal coercive measures, and the case is under investigation [1]. - As of the announcement date, the three listed companies stated they had not received any requests from authorities for assistance in the investigation, and there has been no change in company control [5]. Group 2: Financial Issues - Reports indicate that the "Xiangyuan System" is facing issues with overdue financial products, which are linked to real estate cooperation projects with Xiangyuan Holdings [7]. - On December 7, the three listed companies disclosed that there were overdue payments related to financial products issued on a certain platform, with the controlling shareholder Xiangyuan Holdings and Yu Faxiang bearing joint guarantee responsibilities for these payment obligations [7]. - On December 16, it was announced that the shares held by Yu Faxiang and Xiangyuan Holdings in the companies have been judicially frozen [7]. Group 3: Company Background - Xiangyuan Holdings Group, founded in 1992, is a leading enterprise in the cultural tourism industry, primarily focused on investment, construction, and operation [7]. - Since entering the cultural tourism sector in 2008, Xiangyuan has invested in over 50 cultural tourism projects across 17 provinces and cities in China, covering 6 World Heritage sites and 12 national 5A-level scenic spots, as well as 20 4A-level scenic spots [7].

Core Viewpoint - The company, Ocean Park (02255), announced that its Chairman, Executive Director, and CEO, Yu Faxiang, has been subjected to criminal coercive measures by the Shaoxing Public Security Bureau due to alleged criminal activities, with the case currently under investigation [1] Group 1: Management Changes - As of December 22, 2025, the company has not received any notification from relevant authorities requiring assistance in the investigation, and there has been no change in the company's control [1] - Yu Faxiang intends to delegate his responsibilities as Chairman, Executive Director, and CEO to Executive Director Ouyang Ming until further notice [1] - Non-executive Director Yu Honghua submitted a written resignation notice on December 22, 2025, citing personal reasons for stepping down from her roles as a non-executive director and member of the remuneration committee [1] Group 2: Operational Status - Following the announcements, all directors and senior management are continuing to perform their duties normally, and the company's production and operations remain unaffected [1] - The related matters are expected not to have a significant impact on the group's normal production and operations [1]

智通财经APP讯，海昌海洋公园(02255)公布，公司于2025 年12月22日收到公司董事会主席、执行董事 兼行政总裁俞发祥先生家属通知，俞发祥先生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。截至本公告之日，公司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。俞发祥先生拟委托公司执行董事欧阳明先生代为行使董事会主 席、执行董事兼行政总裁的职责直至另行通知为止。 于2025年12月22日，董事会收到公司非执行董事俞红华女士提交的书面辞职通知，于本公告之日起，俞 红华女士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。公司非执行董事赖志林先生获委任公司薪酬委员会成员。 ...

HAICHANG OCEAN PARK HOLDINGS LTD. 海昌海洋公園控股有限公司 歐陽明先生 詹新偉先生 非執行董事 曲程先生 賴志林先生 獨立非執行董事 （於開曼群島註冊成立之有限公司） （股份代號：2255） 董事名單與其角色和職能 海昌海洋公園控股有限公司董事（「董事」）會（「董事會」）成員載列如下。 主席、執行董事兼行政總裁 俞發祥先生 執行董事 王軍先生 朱玉辰先生 沈涵女士 1 下表提供各董事會成員在董事委員會中所擔任的職位。 | 董事委員會 | 審核 | 提名 | 薪酬 | | --- | --- | --- | --- | | 董事 | 委員會 | 委員會 | 委員會 | | 俞發祥先生 | | 主席 | | | 歐陽明先生 | | | | | 詹新偉先生 | | | | | 曲程先生 | | | | | 賴志林先生 | | | 成員 | | 王軍先生 | 成員 | 成員 | 主席 | | 朱玉辰先生 | 主席 | | 成員 | | 沈涵女士 | 成員 | 成員 | | 中華人民共和國上海，2025年12月22日 2 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示概不就因本公佈全部或任何部分內容而產生或因依賴 該等內容而引致的任何損失承擔任何責任。 1 海昌海洋公園控股有限公司（「本公司」，連同附屬公司統稱為「本集團」）於2025 年12月22日收到本公司董事會（「董事會」）主席、執行董事兼行政總裁俞發祥先生 （「俞先生」）家屬通知，俞先生因涉嫌犯罪被紹興市公安局採取刑事強制措施，案 件正在調查過程中。 截至本公告之日，本公司未收到有關機關要求公司協助調查的通知，公司控制權 未發生變化。除本公告披露外，本公司董事和高級管理人員均正常履職，公司生 產經營一切正常，相關事項預計不會對本集團正常生產經營產生重大影響。 俞先生擬委託本公司執行董事歐陽明先生代為行使董事會主席、執行董事兼行政 總裁之職責直至另行通知為止。 於2025年12月22日，董事會收到本公司非執行董事俞紅華女士（「俞女士」）提交 的書面辭職通知，於本公告之日起，俞女士因個人原因辭去擔任本公司非執行董 事及薪酬委員會成員職務，辭職後將不再擔任本公司任何職務。俞女士確認，其 與董事會並無意見 ...

Core Viewpoint - A financial product redemption crisis exceeding 10 billion yuan has pushed Yu Faxiang, the actual controller of Xiangyuan Cultural Tourism, to the brink of collapse [1][8]. Group 1: Financial Crisis - On December 16, 2023, it was announced that all shares held by Yu Faxiang and Xiangyuan Holdings were judicially frozen due to the inability to redeem multiple financial products guaranteed by them [1]. - The Zhejiang Financial Assets Exchange Center reported that a significant amount of funds related to these financial products, amounting to over 10 billion yuan, faced default [5][20]. - The crisis has exposed Yu Faxiang's financial risks, with total assets of approximately 60 billion yuan against liabilities of 40 billion yuan, indicating a precarious financial situation [1][5]. Group 2: Company Background - Yu Faxiang, aged 55, has built a cultural tourism empire with total assets exceeding 60 billion yuan, spanning various sectors including tourism, infrastructure, and marine parks [1]. - The company has been heavily reliant on capital operations, with a history of aggressive financial strategies that have led to significant leverage [18]. - The company has faced challenges due to a downturn in the real estate market, which has strained its cash flow and financial stability [1][19]. Group 3: Government Intervention - A support task force organized by the local government has entered Xiangyuan Holdings to manage risk and protect investor interests [21]. - The task force aims to assess the company's operational status and categorize assets for targeted assistance in addressing debt risks [21]. Group 4: Regulatory Issues - In October 2023, the China Securities Regulatory Commission initiated an investigation into Yu Faxiang for alleged violations of information disclosure laws, which has further complicated the company's financial standing [6]. - The Zhejiang Financial Assets Exchange Center's cancellation of trading qualifications has severely restricted the company's financing options, exacerbating its liquidity issues [19].

Group 1: Harbin Ice and Snow World - The 27th Harbin Ice and Snow World will officially open on December 17, 2025, with a theme of "Ice and Snow Fairy Tale" [1] - This year's event is the largest in scale, created by thousands of ice construction workers [1] - Ticket prices are set at a promotional price of 298 yuan per adult from December 17 to December 23, 2025, reverting to the original price of 328 yuan starting December 24, 2025 [1] Group 2: Overseas Chinese Town A (OCT A) - In November 2025, OCT A reported a total visitor count of 6.97 million for its cultural tourism enterprises, an 8% increase year-on-year [1] - For the period from January to November 2025, the total number of visitors was 73.98 million, a 1% decrease compared to the previous year [1] - In November 2025, the company achieved a contract sales area of 86,000 square meters, a 61% year-on-year decrease, and a contract sales amount of 1.2 billion yuan, down 65% year-on-year [1] Group 3: Beijing Haichang Ocean Park - The Beijing Haichang Ocean Park project has entered the construction phase, with a total building area of approximately 160,000 square meters [2] - The park will feature a combination of ecological, educational, interactive, performance, artistic, and hotel functions, expected to be completed and operational by 2027 [2] - The project is a collaboration between Haichang Ocean Park and Beijing Tongzhou Urban Construction Operation Group [2] Group 4: Taiyuan Plaza and China Resources Mixc Life - Taiyuan Plaza and China Resources Mixc Life have signed a cooperation agreement for the first Mixc Tian Di in North China, located in Taiyuan City [2] - The commercial complex will cover an area of approximately 445,000 square meters, integrating a "block + box mall" innovative model [2] - The project will feature international luxury brands, high-end dining, and cultural art spaces [2] Group 5: New City Holdings - New City Holdings has officially launched two innovative commercial product lines: "New Yuehui" and "Yinxiang" [2] - "New Yuehui" is positioned as an "urban vitality life aggregation body," while "Yinxiang" focuses on "enjoying slow time in urban streets," aimed at creating a "slow life block" [2] Group 6: Guangdong Province - Guangdong Province has issued measures to promote the integration of agriculture, culture, and tourism, focusing on high-quality development [3] - The measures include 27 specific actions to enhance the integration of various tourism-related sectors [3] - The province aims to develop ecological health resorts and promote traditional Chinese medicine health tourism [3] Group 7: Beijing Tourism - In the first ten months of the year, Beijing received over 300 million visitors, with tourism spending exceeding 600 billion yuan, representing year-on-year growth of 5.4% and 7.2% respectively [4][5] - Cultural and tourism consumption has become a significant growth driver for the construction of an international consumption center city [5]