Everyone at Fat Cat Studio was curious as to why the Daxiang Group did not trouble them again during this period. After all, in the Xiao Liu incident, his younger brother was imprisoned according to law, and the whole family fell out with Xiao Liu. To a certain extent, Daxiang Group The group won.

In fact, it is not the gentlemanly behavior of Daxiang Group and they do not want to continue to target Xia Haoyang Studio, but they have had problems within the group recently. Boss Yin and his personal assistant Yang Qin are busy with important matters that are crucial to the survival of the group. Naturally, there is no It's time and mood to deal with Xia Haoyang and the others.

The Huaguo Securities Regulatory Commission’s administrative penalties and prior notice of market ban, and the 2025 and 2026 annual reports disclosed by Daxiang Real Estate contain false records.

Daxiang Real Estate's financial fraud through advance recognition of revenue resulted in Daxiang Real Estate's inflated revenue of 2025 billion yuan in 2139.89, accounting for 50.14% of the current operating income, corresponding to the inflated cost of 1732.67 billion yuan, and the inflated profit of 407.22 billion yuan, accounting for the current profit. 63.31% of the total; in 2026, Daxiang Real Estate's inflated revenue was 3501.57 billion yuan, accounting for 78.54% of the current operating income, corresponding to the inflated cost of 2988.68 billion yuan, and the inflated profit of 512.89 billion yuan, accounting for 86.88% of the total profit for the current period.

Daxiang Real Estate’s public issuance of corporate bonds is also suspected of fraudulent issuance.

大翔地产2026年5月26日发行26大翔02债券,发行规模40亿元;2026年6月5日发行26恒大03债券,发行规模25亿元;2026年9月23日发行26恒大04债券,发行规模40亿元;2026年10月19日发行26恒大05债券,发行规模21亿元;2027年4月27日发行27恒大01债券,发行规模82亿元。

The China Securities Regulatory Commission stated that the issuance documents announced by Evergrande Real Estate during the issuance of the above bonds quoted relevant data from the 2025 and 2026 annual reports with false records, and were suspected of fraudulent issuance.

In response to Daxiang Real Estate’s illegal behavior of disclosing false records in its 2025 and 2026 annual reports, its public issuance of corporate bonds suspected of fraudulent issuance, and its failure to submit relevant reports or perform information disclosure obligations in accordance with regulations, based on the above three items, the China Securities Regulatory Commission Decision: Order Daxiang Real Estate to make corrections, give a warning and impose a fine of 41.75 yuan (4700 billion yuan); give Yin Jiaxu a warning and impose a fine of 1500 million yuan; give Yang Qin a warning and impose a fine of million yuan.

The China Securities Regulatory Commission also stated that Yin Jiaxu made decisions and organized the implementation of financial fraud with particularly egregious means and the circumstances were particularly serious. Yang Qin organized and arranged the preparation of false financial reports with particularly egregious means and the circumstances were particularly serious. According to the relevant provisions of the Securities Law, the China Securities Regulatory Commission intends to decide Yin Jiaxu and Yang Qin were banned from the securities market for life.

"Mr. Yin, the current resolution of the China Securities Regulatory Commission is on the above points, but it has not been announced yet because the matter involves Daxiang Group, and Daxiang Group has a very important social influence. We are still meeting whether to disclose it publicly or privately. Or it may be triggered but not announced." A senior official from the China Securities Regulatory Commission was talking in Yin Jiaxu's office.

"Old Qi, Brother Qi, you know me. I don't understand finance. I leave all my finances to Secretary Yang and others. I'm not familiar with many things. I can repair houses and sell houses. I studied metallurgy in college. You can ask me to find mines or minerals, but I really don’t understand financial bonds. The China Securities Regulatory Commission said that I am suspected of fraud, so where can I find an explanation?"

"The China Securities Regulatory Commission will not wrong you. You should have some financial problems, Mr. Yin." The oily-faced senior official of the China Securities Regulatory Commission held a goblet with unknown red wine poured into it. There is also a beautiful dancer from the Daxiang Song and Dance Troupe who is tuna and serving.

"Brother Qi, you have to help me. I will correct whatever needs to be corrected. I am wrong. I admit it. You know me. I have always regarded money as dirt. How could I cheat on money? Others say that I am Yin Jiaxu. I admit that I rely on my talents to be open-minded and have beautiful women, but it is true that I drink a lot of wine and eat a lot of meat, and I am generous in giving away money. Money is something external to the body, and I have always been open-minded. There should be something wrong with some of the following links."

"Brother Yin, we have been dealing with each other for so many years, how come we don't understand you? We know who you are. Now this matter is big or small."

"Please give me some advice from Qi Ge."

"Instead of waiting for the Securities Regulatory Commission to issue a fine notice, you should take the initiative to show your kindness, do what you should do first, correct what was wrong, apologize sincerely, pay compensation if it affects the people, and finally find someone to take the blame. ; Then find an opportunity to go to charity and donate some money to stir up public opinion first. Of course, other departments within the China Securities Regulatory Commission must also deal with matters that should be dealt with. You know, making such a judgment requires a meeting, one more person If you say something nice, you will have another way out." Brother Qi said slowly while shaking the goblet.

"Brother Qi is my reborn parent. It is said that your sister-in-law wants to go abroad now? What is so good about going abroad, and it is difficult for relatives of public officials to apply for visas. It is better to do this. My sister-in-law comes to work in Daxiang, and our Daxiang Real Estate has recently There is a cooperative project in America, and my sister-in-law is in charge of this project, which just meets my sister-in-law’s purpose of visiting foreign countries.”

"Then I have to thank Mr. Yin. My eldest brother and sister-in-law have been a little frustrated recently. Life is not very satisfactory, so they want to go abroad for a visit. You have arranged it very well."

"Brother Qi, don't worry. Your sister-in-law is my Yin Jiaxu's sister-in-law. I will take good care of her and make arrangements for her."

"Mr. Yin, my child is studying in Germany. You know, the cost of living there is really expensive."

"Don't worry, Brother Qi, leave your nephew's affairs to me and we will arrange a Swiss bank transfer."

"Okay, thank you then."

"Brother Qi, let's talk about this. I don't understand the specific financial and bond issues. I need you to teach me step by step. How to do it, how to change it, how to do it. You tell me everything and I will do it." Yin Jiaxu said with a look on his face. sincere.

"Old Yin, your greatest advantage is that you listen to others' advice. If you do as I say, I guarantee that you will be fine." As he said this, he pressed the woman under him to make her lower.

"Brother Qi, on behalf of Daxiang Group, I would like to thank you for your rescue."

"Old Yin, I heard that your Daxiang Song and Dance Troupe has a few newcomers this year, and they all have good figures and good dancing skills?"

"It has been prepared for a long time, Brother Qi, let's have a meal first and enjoy the dance?"

"Eat first, it will be easy for you."

"Hey, okay, let's eat first."

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