Group 1 - The event "Media Look at China Life" held in Yantai emphasizes the importance of insurance in promoting inclusive finance and social responsibility [1] - Yantai is recognized as the permanent host of the World Sea Cucumber Industry Expo and is the largest breeding and processing base for sea cucumbers in China, with 46 provincial-level marine ranches [3][4] - Insurance is becoming a crucial support for the sea cucumber industry, providing safety for divers and the entire supply chain [4][16] Group 2 - The company Dongyu has over 100,000 acres of quality sea area and employs many divers for sea cucumber harvesting, with each diver capable of catching thousands of pounds daily [4][5] - Since 2022, Dongyu has partnered with China Life to provide group accident and medical insurance for its divers, enhancing their safety and peace of mind [5][6] - The sea cucumber industry in Yantai has a complete supply chain, with a total national production of 292,000 tons in 2023, making China the world's largest producer [6][16] Group 3 - Dongyu has invested significantly in marine ranching and has received high-tech enterprise certification, holding 49 patents and 32 trademarks [6][7] - The company utilizes an organic wild breeding method, requiring 5 to 8 years for sea cucumbers to reach harvest size, ensuring high quality [6][7] - Dongyu has developed a comprehensive product line, including fresh, salted, and processed sea cucumber products, contributing to the industry's growth [9][16] Group 4 - The collaboration between Dongyu and China Life serves as a model for insurance's role in supporting the blue economy, highlighting the need for comprehensive risk management across the industry [13][16] - Future opportunities for insurance in the sea cucumber industry include natural disaster insurance, product quality insurance, and logistics transportation insurance [13][16] - The integration of insurance into the blue economy is expected to promote safer, more stable, and sustainable industry development [16]

Core Viewpoint - Recent food safety inspections in Weihai revealed two batches of food products that did not meet safety standards, leading to administrative penalties for the involved companies [4][5][6] Group 1: Non-compliant Products - Two batches of food products were found non-compliant: Five Black Potatoes (Spicy Flavor) from Jiajiayue Group and dried sea cucumber from Weihai Runmu Trading Co., Ltd [4][5] - The Five Black Potatoes failed to meet the GB 2760-2014 standards for food additives, while the dried sea cucumber did not comply with GB 31602-2015 standards for dried sea cucumbers [4][6] Group 2: Company Actions and Penalties - Jiajiayue Group's Weihai Yangting store sold 19 cans of the non-compliant Five Black Potatoes, with 5 cans confiscated by the market supervision authority [4][5] - Weihai Runmu Trading Co., Ltd sold all three portions of the non-compliant dried sea cucumber without any remaining stock [6] - Both companies received administrative penalty notices for violating Article 34 of the Food Safety Law of the People's Republic of China [5][6]

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