Core Viewpoint - Xiangyuan Cultural Tourism announced that its actual controller, Yu Faxiang, has been subjected to criminal coercive measures by the Shaoxing Public Security Bureau, which is currently under investigation. The company stated that this matter will not significantly impact its normal production and operations [2]. Group 1: Company Impact - Yu Faxiang, while being the actual controller of Xiangyuan Cultural Tourism, does not hold any official position within the company [2]. - Following the financial issues related to Xiangyuan's wealth management products, shares of Xiangyuan Cultural Tourism, as well as its affiliated companies, have seen significant declines, with stock prices dropping by 17.73%, 34.46%, and 31.43% respectively [2]. Group 2: Financial and Legal Issues - A work team from Shaoxing has been assigned to assist Xiangyuan Holdings in investigating its assets and liabilities, ensuring the company fulfills its debt responsibilities [2]. - A significant number of shares from Xiangyuan Cultural Tourism and its affiliate, Jiaojian Co., have been frozen, with approximately 390 million shares (37.03% of total shares) of Xiangyuan Cultural Tourism being judicially frozen [3]. - For Jiaojian Co., about 4.5 million shares (7.31% of total shares) have been frozen, along with additional shares under various judicial statuses, indicating substantial legal and financial challenges for the company [3].