Feng Huang Wang Cai Jing·2025-12-10 08:52Group 1 - The core issue involves a lawsuit filed by China Ping An Life Insurance Co., Ltd. and Ping An Asset Management Co., Ltd. against Huaxia Happiness Holdings Co., Ltd. and its chairman Wang Wenxue, with the aim of confirming the validity of an arbitration agreement [1][2] - The case is set to be heard at the Shanghai Financial Court on December 17, 2025 [1][2] - Between 2018 and 2020, Ping An invested heavily in Huaxia Happiness through equity and debt, but faced challenges when Huaxia Happiness's debt crisis emerged in February 2021, leading to Ping An becoming the largest shareholder after the forced disposal of shares by the original controlling shareholder [2] Group 2 - Ping An is currently in the process of reducing its stake in Huaxia Happiness, with a plan to sell up to 117.4 million shares, representing 3% of Huaxia Happiness's total share capital, between September 1 and November 30, 2025 [2]