Nan Fang Du Shi Bao·2025-12-24 14:39Core Viewpoint - The chairman and CEO of Haichang Ocean Park, Yu Faxiang, is under criminal investigation, but the company asserts that its operations remain unaffected and control has not changed [2][7]. Group 1: Company Announcement - Haichang Ocean Park announced that it has not received any requests for assistance in the investigation and that its board and senior management are functioning normally [2]. - Yu Faxiang will delegate his responsibilities to Ouyang Ming until further notice [2]. Group 2: Financial Issues - Financial products linked to Xiangyuan Holdings and Yu Faxiang have overdue payments exceeding 10 billion yuan, affecting nearly 10,000 investors [5]. - Xiangyuan Wenlv reported that Yu Faxiang and related parties have had 612 million shares frozen, representing 58.08% of the company's total shares [6]. - Haichang Ocean Park has faced continuous losses, with a total loss of 2.34 billion yuan from 2022 to 2024 and a loss of 296 million yuan in the first half of 2025 [9][10]. Group 3: Strategic Developments - Xiangyuan Holdings invested 2.295 billion HKD in Haichang Ocean Park, becoming its controlling shareholder to enhance resource integration [8]. - The company is working on expanding flagship projects in Shanghai and Zhengzhou, and has several large reserve projects in negotiation [10].