CFLD(SH:600340) 2 1 Shi Ji Jing Ji Bao Dao·2025-12-23 01:48Core Viewpoint - The board of directors of Huaxia Happiness (600340.SH) rejected five temporary proposals submitted by shareholder Ping An Life Insurance Co., focusing on debt restructuring and financial disclosures [1][2]. Group 1: Temporary Proposals - The five proposals included requests for special resolutions regarding pre-restructuring and restructuring matters, the removal of non-independent director Feng Nianyi, and the election of Qiao Wenli as a non-independent director [1]. - Other proposals called for the company to cooperate with the creditor committee for financial due diligence and to disclose reasons for the underperformance of the debt restructuring plan [1]. Group 2: Board's Response - Seven board members voted against the proposals, with only one in favor, as the chairman Wang Wenxue deemed them non-compliant with relevant laws and regulations [2]. - The company had previously announced on November 17 that it was applying for pre-restructuring, which raised compliance concerns from Ping An, who questioned the announcement's procedural validity [2]. Group 3: Financial Due Diligence - On November 21, the creditor committee initiated a proposal to authorize Ping An Asset Management to hire an accounting firm for a special financial due diligence on Huaxia Happiness, addressing issues of transparency in debt solutions and fund allocation [2]. - Director Feng Nianyi stated that the company is cooperating with the temporary administrator to ensure the smooth progress of the pre-restructuring process, but cannot define obligations to cooperate with the creditor committee for additional financial due diligence [2].