Core Viewpoint - The actual controller of the "Xiangyuan System," Yu Faxiang, has been subjected to criminal coercive measures by the police due to suspected criminal activities, impacting multiple listed companies under his control [3][4][5]. Group 1: Company Announcements - Xiangyuan Cultural Tourism, Jiaojian Co., and Haichang Ocean Park announced that Yu Faxiang has been taken into criminal coercive measures, and the case is under investigation [3][4][5]. - All three companies confirmed that they have not received any requests from authorities for assistance in the investigation, and their control has not changed [7]. - The companies stated that their production and operations remain normal and that the situation will not significantly impact their business [7]. Group 2: Background Information - Yu Faxiang, born in 1971 in Zhejiang Shengzhou, is the chairman of Xiangyuan Holding Group and has a net worth of 14.5 billion yuan, ranking 465th on the Hurun Rich List as of October 2025 [7]. - The Xiangyuan Group, founded in 1992, primarily focuses on cultural tourism investment and has developed over 50 projects across 17 provinces, including 6 World Heritage sites and numerous national scenic areas [9]. - Reports indicate ongoing issues with defaults on financial products related to real estate projects associated with Xiangyuan Holding, with Yu Faxiang and the holding company bearing joint guarantee responsibilities for these obligations [8].
百亿富豪俞发祥,被警方采取刑事强制措施