Group 1 - The core issue revolves around the announcement of a pre-restructuring process for Huaxia Happiness, which was initiated by creditor Longcheng Construction without the knowledge or consent of board member Wang Wei, raising concerns about governance and decision-making processes within the company [1][2] - Wang Wei has expressed his disapproval of the announcement's procedure, stating that it violates the company's governance rules and could mislead investors due to the lack of a legitimate decision-making process [1][2] - Huaxia Happiness has been facing financial difficulties, with Longcheng Construction claiming that the company owes approximately 4.172 million yuan in overdue payments for municipal engineering projects [2][5] Group 2 - The company has been placed under temporary management by a judicial restructuring team appointed by the Langfang Intermediate People's Court following the creditor's application for pre-restructuring [2] - The announcement of the pre-restructuring was made on November 17, indicating that Huaxia Happiness does not dispute the creditor's claims, which has raised further questions about the company's financial health and governance [1][5] - Wang Wei, who has a background in the Ping An system and has been a board member since January 2023, previously opposed the company's financial strategies, indicating ongoing internal conflicts regarding financial management [2]
董事王葳:华夏幸福预重整公告违规 已向监管部门投诉