Core Viewpoint - The current management of Jiaoda Onlly is pursuing accountability for former executives involved in a controversial insurance refund scheme, emphasizing the need for legal action and transparency [2][5][7]. Group 1: Allegations and Evidence - The Shanghai Securities Regulatory Bureau issued a warning letter indicating that Jiaoda Onlly had issues with the disclosure of executive compensation in the 2016 and 2018 annual reports [5]. - Former executives, including Yang Guoping, allegedly used company funds to purchase group insurance and subsequently refunded the premiums to their personal accounts, totaling approximately 3.79 million yuan in 2017 and 1.28 million yuan in 2018 [6][7]. - The current management has submitted new evidence, including reports from third-party firms, indicating that the actions of former executives may constitute embezzlement and violate legal regulations [7][8]. Group 2: Legal Actions and Financial Impact - Since March 2023, Jiaoda Onlly's current management has initiated multiple lawsuits against former executives, discovering that their actions resulted in a loss of approximately 21 million yuan in principal and interest [8][9]. - The company has reported difficulties in obtaining original documents related to the insurance transactions, which complicates the investigation [9]. - The management plans to apply for administrative review following the police's refusal to file a case based on the initial report [9]. Group 3: Corporate Governance and Shareholder Dynamics - The current management asserts that the pursuit of accountability from former executives is unrelated to the ongoing power struggle within the company, which began in 2022 [10][14]. - As of the first quarter of 2025, Shanghai Yunjian Industrial Development Co., Ltd. and its affiliates hold over 30% of Jiaoda Onlly's shares, while Dazhong Transportation holds 14.48% [15]. - The chairman of Jiaoda Onlly, Ji Min, emphasized that the accountability measures align with the interests of Dazhong Transportation as a shareholder [17].

Core Viewpoint - The company, Jiaoda Onlly (600530.SH), has reported a significant development in a legal dispute involving former executives, including the former chairman Yang Guoping, who are accused of damaging the company's interests through misappropriation of funds for personal insurance purchases totaling over 16 million yuan [1][2]. Group 1 - The company has filed a criminal report with the Shanghai Municipal Public Security Bureau regarding the actions of former executives, which are believed to constitute embezzlement and breach of fiduciary duty [1]. - The case involves a total amount of 21.0393 million yuan, with the company asserting that the actions of the former executives not only violate various laws but also pose a serious social threat [1]. - The company aims to protect its legal rights and ensure proper governance by pursuing criminal accountability against the involved former executives [1]. Group 2 - Previous statements from the company's management indicated that they did not rule out the possibility of filing criminal lawsuits related to this case [2]. - Legal experts have indicated that the actions of the former executives meet the criteria for misappropriation of company assets and funds, as outlined in the Company Law [2]. - According to legal interpretations, the threshold for "huge amounts" in cases of embezzlement is set at over 1 million yuan, aligning with standards for similar offenses [2].