Core Viewpoint - The article discusses the legal troubles faced by Yu Faxiang, the actual controller of three listed companies under the "Xiangyuan System," due to overdue financial products, leading to his criminal detention and potential implications for the companies involved [3][5]. Group 1: Company Developments - Yu Faxiang has been taken into criminal custody by the Shaoxing Public Security Bureau for suspected criminal activities, as announced by Xiangyuan Cultural Tourism (600576.SH) and Jiaojian Co., Ltd. (603815.SH) [3][5]. - The companies confirmed that they have not received any requests for assistance in the investigation and that their operations remain normal, with no significant impact expected on their business [3][5]. - Yu Honghua, associated with Yu Faxiang, resigned from his positions in the listed companies due to personal reasons [3][4]. Group 2: Financial Issues - The crisis originated from overdue financial products issued by Xiangyuan Holdings, for which Yu Faxiang and the companies bear joint guarantee responsibilities [5]. - As of December 16, shares held by Yu Faxiang and the controlling shareholder of Xiangyuan Cultural Tourism have been judicially frozen, with a total of 612 million shares (58.08% of total shares) affected [6][7]. - Jiaojian Co., Ltd. reported that 27.43 million shares are under judicial freeze, with an additional 202 million shares marked for judicial action, indicating significant financial distress [6][7]. Group 3: Company Assets and Future Outlook - Xiangyuan Holdings claims to possess approximately 30-40 billion in real estate assets and is actively seeking new financing channels to address its financial challenges [7].