EASYHOME(SZ:000785) Sou Hu Cai Jing·2025-07-29 08:12Core Viewpoint - The sudden death of Wang Linpeng, the actual controller and CEO of Juran Zhijia, raises concerns about the company's governance and strategic execution, especially following his recent return from a detention period [4][11][12]. Group 1: Company Events - On July 28, Juran Zhijia confirmed the death of Wang Linpeng, just five days after he was released from detention [4][6]. - Wang Linpeng had been under investigation by the Wuhan Municipal Jianghan District Supervisory Committee since April 18, leading to his detention [6][12]. - Following the announcement of his death, Juran Zhijia's stock price fell by 6.96%, closing at 2.88 yuan, with a total market value of 17.934 billion yuan [7]. Group 2: Governance and Compliance Issues - The investigation into Wang Linpeng raises questions about the company's compliance and governance, particularly regarding the legality of its reverse merger with Wuhan Zhongshang in 2019, which was valued at 35.65 billion yuan [9][12]. - The company has faced scrutiny over potential financial misconduct, including high valuations and significant cash-outs by Wang Linpeng, totaling over 4 billion yuan in profits from the listed company [9][12]. - The ongoing investigation and Wang's detention have led to a significant drop in the company's market value, with a loss of 5 billion yuan and a 22% decline over three months [12][14]. Group 3: Strategic Implications - Wang Linpeng's unexpected death creates uncertainty regarding the continuity of the company's strategic initiatives, including international expansion plans and supply chain restructuring [12][13]. - The company is experiencing management instability, with interim leadership stepping in during Wang's absence, which may hinder strategic execution [11][13]. - The freezing of 372 million shares held by Wang and his associates, representing a significant portion of the company's equity, adds to the governance challenges [13][14].