保健品第一股，“石锤”前高管违法巨额退保细节，称将追责到底！

Core Viewpoint - The article discusses the allegations against former executives of Jiaoda Onlly for illegal insurance policy cancellations and embezzlement, detailing the company's response and ongoing legal actions [1][3][4]. Group 1: Allegations and Legal Actions - Jiaoda Onlly reported that it discovered former executives' illegal insurance cancellations and has been gathering evidence to support its claims, leading to multiple lawsuits [1][3]. - The company filed a criminal report with the Shanghai Public Security Bureau on June 24, which was accepted, but later received a notice of non-filing on July 10 [3][4]. - The company plans to appeal the non-filing decision to higher authorities [4]. Group 2: Financial Irregularities - The company identified abnormal insurance purchases starting from November 23, 2022, revealing a total of 12.84 million yuan in insurance payments from 2018 without corresponding policy contracts [6][7]. - Five former executives allegedly received a total of 16.94 million yuan through insurance policy cancellations, which were not approved by the board or shareholders, indicating potential misconduct [7][9]. - The former executives claimed that the insurance purchases and cancellations were part of their compensation, which the company disputes as lacking proper authorization [7][9]. Group 3: Company Background and Governance - Jiaoda Onlly, established in 1997 and listed in 2001, is the first publicly traded company in China's health food industry, with a market capitalization of 7.5 billion yuan as of July 10 [9][10]. - Following a change in control in August 2022, the new controlling shareholder conducted a review of the company's financials, leading to allegations of financial misreporting [10][11]. - The company’s governance structure requires board and shareholder approval for executive compensation, which was not adhered to in the case of the disputed insurance transactions [12].