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Founder of Pang Donglai, Yu Donglai, Announces New Rule of No Renewal for Four-Year Contracts

09.14 ·Reported ·Importance II ·Sources 1 ·China

On September 13, 2026, the founder of Pang Donglai, Yu Donglai, posted a statement on social media stating that the company will designate newly hired employees as “trainees”, set the contract term to four years with no renewal, and employees who do not meet the training goals will not receive a qualification certificate; the list of qualified employees will be publicly searchable on the company’s website. This measure aims to cultivate employees’ life philosophy, independent personality and technical skills, in line with the enterprise’s talent development plan.

Pang Dong Lai announces it will close the Xuchang Life Plaza store, operated for 24 years, at the end of the year due to rent issues

08.07 ·Official claim ·Importance II ·Sources 1 ·Xuchang, Henan

On August 7, 2026, Pang Dong Lai founder Yu Donglai announced that the Xuchang Life Plaza store, which has been in operation for 24 years and earns annual profits of over 100 million yuan, falls below the baseline of fairness because of its historical lease, and will officially close and exit after the lease expires in December 2026.

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