Jinwu Financial News | According to reports, on the evening of December 12, Jiayue CEO Xia Yiping held a closed-door meeting with the two major shareholders, Geely and Baidu (09888).

After multiple rounds of communication, Baidu and Geely are currently going through the transfer process to pay Jiayue employees for their overdue social insurance for November. Shareholders Geely and Baidu have established an emergency team to participate remotely.

It is understood that Jiayue employees have drawn up a list of demands, which includes requests for the payment of social insurance and housing fund contributions for all employees for November and December, compensation of N+1 to be received by December 31 of this year, and settlement of December salaries for those still employed, as well as issues related to pregnant employees, employees involved in aftermath management, injured workers, employees transitioning to settle in, frontline employees, and employee car-owners.