On December 10, 2025, Tianyan information showed that Ping An Life Insurance Co., Ltd. of China and Ping An Asset Management Co., Ltd. sued Huaxia Happiness Foundation Holdings Co., Ltd. and “Mr. Wang”. According to people familiar with the matter, “Wang” is Wang Wenxue, the chairman of Huaxia Happiness. According to the details of the hearing announcement, the cause of this case was “an application to confirm the validity of the arbitration agreement,” and the appellate court was the Shanghai Financial Court. The hearing date was December 17.

On December 10, 2025, Tianyan information showed that Ping An Life Insurance Co., Ltd. of China and Ping An Asset Management Co., Ltd. sued Huaxia Happiness Foundation Holdings Co., Ltd. and “Mr. Wang”. According to people familiar with the matter, “Wang” is Wang Wenxue, the chairman of Huaxia Happiness. According to the details of the hearing announcement, the cause of this case was “an application to confirm the validity of the arbitration agreement,” and the appellate court was the Shanghai Financial Court. The hearing date was December 17.