Huaxia Happiness (600340.SH): Ping An Asset Management and Ping An Life Insurance Request Ruling Huaxia Holdings to Pay Performance Compensation and Overdue Payment Liquidity of Approximately $6.4 billion

Zhitong Finance App News, Huaxia Happiness (600340.SH) issued an announcement. Huaxia Happiness Foundation Holdings Co., Ltd., the controlling shareholder of the company, and Wang Wenwen, the actual controller, were filed for arbitration by Ping An Asset Management Co., Ltd. and Ping An Life Insurance Co., Ltd. Ping An Asset Management and Ping An Life requested that Huaxia Holdings pay performance compensation and late payment liquidated damages of about 6.4 billion yuan, and that Wang Wenwen bear joint and several liability for the debts of Huaxia Holdings under the above ruling.