Modern Avenue Group announced that the original controlling shareholder, Ruifeng Group, has not recovered the occupied funds of 0.242 billion yuan within the rectification period. Puhuiyuan replaced Ruifeng Group to repay the company's debt of 0.242 billion yuan, and the company has received the first payment of 20 million yuan. The remaining amount will be compensated by Ruiyang Holdings. Ruiyang Holdings has compensated 0.122 billion yuan, and it is expected to be difficult to repay all funds before January 10, 2025. The company's stock is expected to disclose an announcement of delisting risk warnings before the market opens on January 13, 2025. Meanwhile, Ruiyang Holdings and Huaiqi Xiaocheng signed the "Equity Transfer Agreement" and "Contribution Transfer Agreement," respectively. Ruiyang Holdings acquired 100% equity of Puhuiyuan and 98% of the contribution shares of Jiayuan New Energy, holding a total of 13.66% of the listed company.