Core Viewpoint - In April 2025, Chang Song Kang Yang's core base, Pu Jin International Hotel in Shanghai, abruptly closed, forcing hundreds of elderly residents, averaging over 70 years old, to evacuate overnight, many of whom had invested significant amounts in prepaid services and are now left in inadequate conditions [1][10]. Company Overview - Chang Song Kang Yang was established on May 9, 2014, headquartered in Baiyun District, Guangzhou, focusing on "big elderly care, big health, and big tourism" as its business philosophy [7][15]. - The company has expanded its elderly care services across key cities in East, Northeast, Northwest, South, and Central China, claiming over 20 travel bases nationwide by 2023-2024, including 6 in Hainan, 10 in Guangdong, 2 in Shanghai, and others [7][15]. Business Model - The company promotes a "travel + elderly care + tourism" one-stop service, offering various prepaid cards ranging from 40,000 yuan for a one-year card to 500,000 yuan for a 42-year diamond card [3][11]. - Sales representatives highlight promotional activities, suggesting that purchasing a bed card for 35,640 yuan can yield rental income if not personally used, with potential returns of approximately 11% [5][13]. Recent Developments - In July 2024, a local event in Guizhou was halted by police due to potential illegal fundraising activities [9][17]. - By the end of 2024, a civil judgment revealed that Chang Song Kang Yang failed to complete a share acquisition of Pu Jin Hotel, resulting in over 20.5 million yuan in forfeited payments due to breach of contract [9][17]. - The abrupt closure of Pu Jin Hotel in April 2025 led to the evacuation of members, with ongoing sales of membership cards until the last moment [9][17]. - By November 2025, Chang Song Kang Yang and its Shanghai branch were listed as dishonest executors by the Shanghai Hongkou District People's Court, indicating a lack of assets for execution [9][17].