On December 26, HiPhi Autos, which announced a suspension of operations in February this year, has distributed "settlement funds" to some employees who signed settlement agreements. Several former employees of HiPhi Autos reported that starting on that afternoon, the settlement funds specified in the settlement agreement signed with HiPhi Autos in October this year began to arrive. According to employee feedback, those who proactively resigned after HiPhi Autos announced its operational suspension on February 21 will receive 50% of their unpaid wages as settlement funds; those who received a notice of resignation after February 29 are required to forfeit compensation and part of the notice fees, and will receive their unpaid wages as settlement funds. The distribution of the settlement funds does not include the employees' social insurance, and the company stated that social insurance will be paid after completing the bankruptcy reorganization process. (Jiu Pai Finance)