The publicly exposed content claims that approximately 40% of the equity in the school under Han Shihui's name was forcibly transferred for two yuan, involving school assets worth about 800 million yuan.
After the exposure of Han Shihui's school equity being transferred for two yuan, multiple public officials were reported for illegally embezzling school assets.
Han Shihui purchased about 468 mu of land in Hengshui, Hebei, invested about 2 billion yuan, and partnered with Hengshui No. 2 High School to found a private school with a capacity of about 20,000 students.