Chiba Jewelry has been listed in the directory of enterprises with abnormal operations, and the company's actual controller remains out of contact.

Chiba Jewelry's lead broker, Northeast Securities, announced on October 12 that during its ongoing supervision it discovered two types of risk events at Chiba Jewelry. First, on October 10, Chiba Jewelry was placed on the list of enterprises with abnormal operations by the Beijing Dongcheng District Market Supervision and Administration Bureau, on the grounds that it "cannot be contacted through its registered domicile or place of business." Second, it was discovered that Chiba Jewelry, its subsidiaries, and the company's actual controller, Lin Mingjie, have been included as persons subject to enforcement, with the total amount subject to enforcement reaching 230 million yuan, including a case filed on October 8 with an enforcement target of 129 million yuan. Chiba Jewelry is an established chain gold store in Beijing. In early September it was reported to owe wages and debts, and the company's actual controller "absconded." Northeast Securities said in its latest announcement that it still cannot get in contact with the company's actual controllers, Lin Mingjie and Gao Xiaosong, the company cannot fulfill its information disclosure obligations, its business decisions can no longer be maintained normally, and there is major uncertainty about its ability to continue as a going concern.