Core Points - Zhao Wenqi, an actress known for her role in "Love Apartment," revealed on social media that she has been defrauded by a partner, leading to the depletion of company funds and operational stagnation [1] Company Overview - Zhao Wenqi established Hangzhou Yumo Brand Management Co., Ltd. in January this year, with the major shareholder being Hangzhou Tiantian Kaixin Technology Co., Ltd., where her mother holds 50% of the shares. The second shareholder, Hangzhou You Dian Hao Kan Brand Management Co., Ltd., holds 40%, and Hangzhou Fei Le Ge Fei Technology Co., Ltd. holds 10%. The company primarily operates the nail salon chain "Yumo Aesthetics" [4] Financial Irregularities - In early March, during a financial audit, the company discovered that its account balance was zero, including 500,000 yuan of paid-in capital and franchise fee income that had disappeared. In April, Zhao Wenqi, through a lawyer's letter, obtained financial data revealing that funds were transferred to the second shareholder's account without the knowledge of other shareholders [4] Allegations of Misconduct - Zhao Wenqi suspects that the second shareholder has been illegally occupying the company's core assets for an extended period. Important items such as the company seal, employee labor contracts, and bank USB keys are under the control of the second shareholder, preventing Zhao Wenqi, as the major shareholder, from intervening in daily operational decisions [4] Legal Implications - Legal experts indicated that if Zhao Wenqi's claims are accurate, the case may involve embezzlement or misappropriation of funds. If the second shareholder used their position to illegally take company funds, and the amount is significant (≥60,000 yuan), it could constitute a crime. Key evidence would include proof of fund flow (abnormal bank transfers) and evidence that the second shareholder did not have authorization from the shareholders' meeting or board of directors to transfer funds [5]

Core Viewpoint - *ST Tianyu's actual controller Yan Chunyu and others have been criminally investigated for suspected fund misappropriation, which may impact the company's operations and reputation in the data security industry [2][4]. Company Overview - *ST Tianyu has been a leading provider of data security products and solutions in China and is a key player in the smart card industry [4]. - The company has faced multiple challenges, including a risk warning on its stock due to previous violations related to guarantees, which were not resolved within the stipulated timeframe [4]. Recent Developments - The company announced that Yan Chunyu does not hold any director, supervisor, or senior management positions, indicating that the investigation may not significantly affect normal operations [4]. - There have been multiple resignations of key personnel in May, including the chairman and other board members, which may indicate instability within the company [5][8]. Financial Performance - In the 2024 annual report, *ST Tianyu reported total revenue of 847 million yuan, a decrease of 50.20% year-on-year, and a net loss attributable to shareholders of 364 million yuan, compared to a profit of 1.97 million yuan in the previous year [6]. - The 2025 Q1 report showed total revenue of 45.37 million yuan, a decline of 86.50% year-on-year, with a net loss of 40.19 million yuan, compared to a profit of 4.74 million yuan in the same period last year [6].