Group 1 - The chairman and general manager of Taihe Group, Huang Qisen, is under investigation for suspected illegal activities, leading to his detention by the Liaoning Provincial New Min City Supervisory Committee [2][5] - As of the announcement date (August 22), Taihe Group is facing asset freezes and seizures, which will impact its operations, although the company claims that its organizational structure and management system are functioning normally [2] - Taihe Group has been experiencing a liquidity crisis and deteriorating financial conditions in recent years, culminating in its delisting from the Shenzhen Stock Exchange in August 2023 [8][9] Group 2 - The China Securities Regulatory Commission (CSRC) has issued an administrative penalty against Taihe Group for failing to disclose significant lawsuits and for major omissions in its annual reports from 2020 to 2022, resulting in a warning and a fine of 6 million yuan for the company and 3 million yuan for Huang Qisen [8] - Taihe Group was once a leading real estate company in Fujian, but it has faced significant challenges since 2018, including a debt default in July 2020, marking it as one of the first companies in the real estate sector to "explode" [9] - The company has developed several projects in Quanzhou, including the Shishi Taihe Plaza, which has faced asset disposal issues and was auctioned off with no bidders in June 2025 [11][15]

Core Points - The chairman and general manager of Taihe Group, Huang Qisen, is under investigation for suspected illegal activities, leading to his detention by the Liaoning Provincial New Min City Supervisory Committee [1][3] - As of the announcement date (August 22), Taihe Group is facing asset freezes and seizures, which will impact its operations, although the company claims that its organizational structure and management system are functioning normally [1] - Huang Qisen has a history of being investigated, having previously been taken in for questioning in March 2022 alongside other executives [3] Company Background - Taihe Group was founded in 1996 by Huang Qisen and went public in September 2010 through a reverse merger, listing on the Shenzhen Stock Exchange [5] - The company has developed the "Courtyard" series of projects and has held a significant position in the real estate industry, with Huang Qisen's family ranking 99th on the 2020 Hurun Global Real Estate Rich List with a wealth of 20 billion RMB [5] - In recent years, Taihe Group has faced liquidity crises and deteriorating financial conditions, with Huang Qisen listed as a dishonest executor and subject to consumption restrictions by the court [5][6] Regulatory Issues - On August 22, Taihe Group received an administrative penalty decision from the China Securities Regulatory Commission (CSRC) Fujian Regulatory Bureau for failing to disclose major lawsuits and significant omissions in its annual reports from 2020 to 2022 [6] - The CSRC imposed a warning and a fine of 6 million RMB on Taihe Group, while Huang Qisen received a warning and a fine of 3 million RMB, along with penalties for other responsible individuals [6]

Core Viewpoint - The recent announcement by Taihe Group indicates that the chairman and general manager, Huang Qisen, is under investigation for suspected illegal activities, which has led to asset freezes and operational impacts on the company [1][5]. Group 1: Company Leadership and Legal Issues - Huang Qisen has been subjected to investigative measures by the Liaoning Provincial New Min City Supervisory Committee due to alleged illegal activities [1]. - This is not the first time Huang Qisen has been investigated; he was previously taken for questioning in March 2022 alongside another executive, Huang Xi [3]. - Huang Qisen, born in January 1965, founded Taihe Group in 1996 and led the company to a reverse merger listing on the Shenzhen Stock Exchange in September 2010 [4]. Group 2: Financial and Operational Status - Taihe Group has faced significant liquidity crises and deteriorating financial conditions in recent years, leading to its delisting from the Shenzhen Stock Exchange in August 2023 [5]. - The company has been penalized by the China Securities Regulatory Commission for failing to disclose major lawsuits and for significant omissions in annual reports from 2020 to 2022, resulting in a fine of 6 million yuan for the company and 3 million yuan for Huang Qisen [5]. - Despite the challenges, the company claims that its organizational structure and management system are functioning normally, and business activities continue as usual [1].