Ping An Securities Pursues 480 Million Yuan from Jia Yueting or Involves in LeTV's Equity Pledge

On December 12, media outlets reported that Jia Yueting, the former chairman of LeEco, was added to the list of defaulters. The reason behind this move stems from a legal dispute with Ping An Securities, where Jia failed to fulfill his financial obligations as outlined in court rulings. This incident has triggered renewed attention on Jia's ongoing legal and financial troubles. According to recent disclosures, Jia Yueting has been listed as an untrustworthy individual due to violations of the property reporting system and not fulfilling all obligations set forth by effective legal documents. While some reports initially mentioned Huafu Securities, it is Ping An Securities that is directly involved in the case. Jia’s outstanding debts to Ping An Securities include the initial transaction amount, interest, breach-of-contract penalties, notary fees, and legal costs, totaling approximately 4.793 billion yuan. These obligations were determined by a legal document issued under the case number (2017) Xia Lu No. 00082, which was released on December 11. The Beijing No. 3 Intermediate People’s Court is handling the enforcement. The legal documents also reveal that Jia had pledged shares to Ping An Securities in multiple transactions. Notably, in June 2014, he pledged 21.28 million shares through a stock repurchase agreement. Despite several announcements about equity pledges and their releases, there has been no official confirmation that the pledge to Ping An Securities was ever lifted. In addition to Jia Yueting, other entities linked to LeEco, such as LeTV Holdings and LeSports Mobile Intelligence, have also been listed as defaulters. For example, LeTV Holdings faces obligations totaling around 107 million yuan, while LeSports Mobile Intelligence is responsible for over 57 million yuan. This latest development highlights the broader challenges faced by LeEco and its key figures amid financial and legal pressures. As more details emerge, the situation continues to draw public and investor scrutiny.

Remote Socket

REMOTE CONTROL SOCKET
Important Safeguards
When using any electrical appliance, in order to reduce the risk of fire, electric shock and/or injury to persons, basic safety precautions should always be follow8d. including:
• The appliance is for household and indoor use only.
• Before plugging in. check that the voitage on the rating label is the same as the mains supply.
• To protect against electric shock, do not immerse any part of the product in water or other liquid.
• This socket is intended for use by competent adults only and children should be supervised at all times.
• Do not use the socket for other than its intended use.
• This socket can be used by children aged from 8 years arxl above and persons with reduced physical, sensory or mental capabilities or lack of experience and knowledge if they have been given supervision or instruction concerning use of the appliance in a safe way and understand the hazards involved. Children shall not p<ay with the appliance Cleaning and user maintenance shall M be made by children without supervision.
• Children of less than 3 years should be kept away unless continuously supervised.
Children from 3 years and less than 8 years shall only switch on/off the appliance provided that it has been placed or installed in its intended normal operating position and they have been supervision or instruction concerning use of the appliance in a safe way and understand the hazards involved. Children aged from 3 years and less than 8 years shall not plug in. regulate and clean the appliance or perform user maintenance.
• Don't use this socket in the immediate surroundings of a bath, a shower or a swimming pool.
• In case of malfunction, do not try to repair the socket yourself, it may result in a fire hazard or electric shock
Do Not Exceed Maximum a680W
Place the LR44 batteries provided into the compartment in the back of the Remote Control, please insert as sho*/m in the back of the compartment to ensure the polarity is correct.

Programming Instructions
• Plug the Remoce Socket$($)lnto the wall socket(s) and switch on the mams supply, the red LED will flash every second.
• If the LED is not flashing press & hold the manual ON/OFF button for 5 seconds until it Hashes

•Press any ON switch on the Remote Control for approximately 2 seconds and the Remote Socket(s) learn the code. The LED will stop flashing top confirm the codehas been accepted.
• Any number of Remote Sockets can be programmed to one Remote Control ON button to create multiple switching.
• To programme o<her Remote Sockets on different Remote Control ON buttons repeat the prevous steps
• If the mains supply is turned off the Remote Sockets v/ill lose their code and it wil be necessary to re-pcogramme.
Operation:
• Plug your appliance(s) into the Remote Socket(s)
• Press the programmed ON or OFF button on the Remote Control to control the Remote Socket.
♦ The Remote Sockets can also be operated manually using its ON/OFF Button Trouble shooting
If a Remote Socket does not react to the Remote Control please check the followng:
♦ Low battery in tbo Remote Control
• Distance too large between the remote control and the recerver (ensure the range distance is no more than 20 clear Metres) and free from obstacle that may reduce the distance.
• If programming has not been successful, tum the power off and back on then follow the programming steps above.
How to decode
• Press the manual ONX)FF button for 5 seconds until the red LED flashes once per
second to confirm de-coding is successful
♦ Press the ALL OFF switch on the Remote Control for more than 3 seconds, the LED
flashes once per second to confirm (decoding successful.
Voltage: 240V-/50HZ
Max power rating: 3680W max.
Remote frequency:
Remote range:
Battery Type:
433.92MHz
230 Metres
Button Cell 2x1.5V LR44 =
Please check with your local waste management service authority regarding regulations for the safe disposal of the batteries. The batteries should never be placed G municipal waste.
Use a battery d^posal facility if available
M
For eioctncal products sold within the European Community. At the end of the electrical products useful life, it should not be disposed of wth household waste. Please recycle faaMies exist. Check with your Local Authonty or retailer for recycling advice.
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