On October 13, Caixin released a news report (Reporter Wu Weiling) Wang Jianlin's guarantee did not receive the payment as scheduled. Yonghui Superstores (601933.SH) has applied for arbitration with the Shanghai International Economic and Trade Arbitration Commission (referred to as "Shanghai International Arbitration Commission") regarding the sale of Wanda Commercial Management equity, demanding the immediate payment of the remaining amount and penalty fees by the buyer, and requesting a ruling on the joint guarantee liability of Wang Jianlin and other related parties.

This evening, the company issued an announcement stating that the Shanghai International Economic and Trade Arbitration Commission has accepted the arbitration application on October 12. The company stated that due to the ongoing trial, the uncertain outcome could have an uncertain impact on the company.

The announcement shows that the company requests the Shanghai International Arbitration Commission to rule that Dalian Yujin Trading Co., Ltd. (referred to as "Dalian Yujin") immediately pay the remaining share transfer payment of 3.639 billion yuan, accelerate the default interest of 0.218 billion yuan, and pay the attorney fees of 2.001 million yuan, totaling 3.859 billion yuan.

At the same time, Yonghui Superstores also requests the Shanghai International Arbitration Commission to rule that Wang Jianlin, Sun Xishuang, and Dalian One Party Group Co., Ltd. (referred to as "One Party Group") jointly guarantee the aforementioned amounts.

Last December, Yonghui Superstores sold 0.389 billion shares of Dalian Wanda Commercial Management Group Co., Ltd. held by Dalian Yujin for 4.53 billion yuan, payable in eight installments. After completing the second installment payment, in July this year, the two parties adjusted the payment plan, changing the remaining 3.839 billion yuan into payments in eight installments, shifting all installments from eight to ten.

However, Yonghui Superstores stated that Dalian Yujin failed to fulfill its payment obligations as agreed, and Wang Jianlin, Sun Xishuang, and One Party Group also did not assume the guarantee responsibility.

In recent days, Yonghui Superstores has been in continuous turmoil, with the company's stock price experiencing large fluctuations. Caixin reporters noted that since October 9, the company's stock price has changed from continuous limit-up to continuous limit-down. By the close of October 11, three consecutive limit-downs were recorded, with a price of 2.91 yuan/share, reducing the total market value by 9.801 billion yuan compared to the close of October 8.

On the news side, in addition to pursuing debt from Dalian Yujin, yonghui superstores also faced a public opinion crisis due to the plan for miniso to become the largest shareholder of the company. The company subsequently issued a clarification announcement stating that the founder and chairman Zhang Xuansong's equity stake has not changed, nor is there any shareholding plan; the company will continue to learn from Pang Daoliang, and store adjustments are still in progress.

According to the official WeChat account of yonghui superstores, the first batch of independent adjustment plans learning from Pang Daoliang have been gradually implemented in 10 key cities nationwide. Among them, the stores in Xi'an Zhongmao Plaza, Fuzhou Gongyuandao, Chengdu Jinjiang Wenhua Plaza, etc., have successively resumed operations, and independent adjustment stores in Beijing, Chongqing, and other places will open soon. In addition, the second batch of independent adjustment stores such as Fuzhou Changle Wanxing Store and Wushi North Store are also under evaluation and confirmation.