SSE Issues Regulatory Work Letter to Xingyu Shares
On September 9, the SSE issued a regulatory letter to Xingyu Shares and its actual controller, without disclosing specific details.
On September 9, the SSE issued a regulatory letter to Xingyu Shares and its actual controller, without disclosing specific details.
Star Union Shares personnel punishment controversy: The person in charge of human resources was dismissed after being dismissed as a director in the past, and the position was questioned.
In a Zhihu Q&A, a netizen revealed that Xingyu's layoff of fresh graduates was taken to the EU, and said that the student had previously gone through the labor arbitration process, reporting up the line all the way to the municipal Party secretary, and that all of them concluded the company's layoffs were not in violation and there was no subsidy fraud.
Reports claim that on September 5, 2026, after fresh graduates laid off by Changzhou Xingyu Co., Ltd. filed complaints with overseas institutions, the local labor department and officials reversed their position and ruled that the company's layoffs were illegal while avoiding accountability for subsidy fraud; related discussions on Zhihu were deleted.
On September 4, 2026, after Radio Free Asia reported on the Changzhou Xingyu incident, Chinese workers paid widespread attention to defending their rights with the help of the EU Forced Labor Regulation, and several labor experts offered interpretations of the determination standards and the supply chain complaint mechanism.
On September 3, 2026, New Yellow River reported that Changzhou Xingyu's full-time production employees fell by more than 40% in 2025, while labor outsourcing hours surged 25.9% against the trend, and mass contract cancellations by fresh graduates occurred one after another.
Volkswagen China announced that it had immediately launched a special investigation, and stated that the principle of respecting workers' lawful rights and interests equally applies to the supply chain system.
On September 1, 2026, Volkswagen China responded to complaints that Xingyu Co. had pushed out fresh graduates, saying it had immediately launched a special investigation and stressing that the principle of respecting workers' rights applies to the supply chain.
On September 1, 2026, Volkswagen's China unit responded to complaints that Changzhou-based Xingyu Shares had collectively pushed out fresh graduates, saying the group had launched a special investigation into supply chain companies and stressing that respecting workers' rights is a core principle of its operations.
On September 1, 2026, Gelonghui reported that Xingyu Co., Ltd.'s Serbia plant has differential employment practices for Chinese and foreign employees: foreign employees leave work on time, while Chinese dispatched employees work about 10 hours a day on average and work overtime.
On August 28, 2026, fresh graduates whose offers were rescinded by Changzhou Xingyu Shares filed complaints over labor rights violations with the Hong Kong Stock Exchange and their client, Germany's Volkswagen Group. The HKEX's Listing Division and Volkswagen's investigation office successively confirmed in writing that the complaints had been received and would be examined.
On August 29, 2026, hundreds of fresh graduates whose offers were rescinded by Xingyu Co. forced the company to issue a public apology and pay compensation by filing reports on forced labor to the Hong Kong Stock Exchange, the EU, and European clients.
On August 27, 2026, banners with intimidating slogans were photographed hanging within the grounds of Xingyu Auto Lamp Co., Ltd. in Changzhou, Jiangsu. The banners read: “Whoever smashes Xingyu’s rice bowl, Xingyu will smash theirs,” sparking widespread discussion.