平安又把幸福告了，涉案64亿

Core Viewpoint - The arbitration application against Huaxia Happiness and its actual controller Wang Wenxue by Ping An Asset Management and Ping An Life Insurance involves approximately 6.4 billion yuan, stemming from performance compensation obligations outlined in agreements from 2018-2019 [1] Group 1 - Huaxia Happiness's major shareholder, Huaxia Happiness Holdings, and Wang Wenxue are facing arbitration initiated by Ping An Asset Management and Ping An Life Insurance, with the case concerning the validity of the arbitration agreement [1] - The case is set to be heard in the Shanghai Financial Court on December 17, 2025, following the filing of the arbitration application [1] - Ping An invested heavily in Huaxia Happiness through equity and debt from 2018 to 2020, but a debt crisis emerged in 2021, leading to Ping An becoming the largest shareholder after forced disposal of shares by the original controlling shareholder [1] Group 2 - In the first half of 2021, Ping An recorded a 35.9 billion yuan impairment provision due to Huaxia Happiness's issues [2] - Disagreements have grown between Ping An and Huaxia Happiness regarding the debt restructuring process, with Huaxia Happiness planning a pre-restructuring while Ping An questions its compliance [2] - Ping An has begun to reduce its stake in Huaxia Happiness, planning to sell up to 11.74 million shares, representing 3% of the total share capital, between September 1 and November 30, 2025 [2] Group 3 - As of November 30, the share reduction plan period has expired [3] - After the completion of the share reduction, Ping An Life and Ping An Asset Management collectively hold 24.99% of Huaxia Happiness's shares, maintaining their position as the largest shareholder [4]