Shanghai Guijiu Faces Consumption Restrictions Amidst Labor Dispute

Shanghai Guijiu Co., Ltd. (600696.SS) and its legal representative have been subjected to consumption restrictions by a Chinese court following a labor contract dispute. The restrictions, issued on March 4, 2026, stem from the company’s failure to fulfill payment obligations as outlined in a legal document.

Details of the Consumption Restrictions

According to information from Qichacha, the court’s decision restricts Shanghai Guijiu and its legal representative from engaging in several high-consumption and non-essential activities. These include:

• Traveling by airplane, soft sleeper trains, or higher classes of train and ship travel.
• Spending at high-complete hotels, nightclubs, and golf courses.
• Purchasing real estate or high-end decorated homes.
• Leasing expensive office spaces or apartments.
• Buying non-essential vehicles.
• Taking vacations or sending children to expensive private schools.
• Purchasing high-premium insurance or financial products.

Legal Basis for the Restrictions

The court’s actions are based on Article 266 of the Civil Procedure Law of the People’s Republic of China and Articles 1 and 3 of the “Several Provisions of the Supreme People’s Court on Restricting High Consumption and Related Consumption of Persons Subject to Execution.”

Exceptions and Enforcement

The court has clarified that Shanghai Guijiu and its representatives can apply for permission to engage in restricted activities if they are necessary for personal employ or business operations. Still, any violations of the consumption restriction order may result in fines, detention, and potential criminal liability under Article 114 of the Civil Procedure Law of the People’s Republic of China.

Company Information

Shanghai Guijiu Co., Ltd., established in 1989 and formerly known as Shanghai Yanshi Enterprise Development Co., Ltd., is based in Zunyi, China. The company engages in the liquor business, offering products such as soy sauce, fruit wine, and other alcoholic and non-alcoholic beverages through both online and offline sales channels. As of the latest available data, the company employs 76 people. Yahoo Finance

Stock Performance

As of 3:00:03 PM GMT+8 on Monday, March 23, 2026, Shanghai Guijiu Co., Ltd. (600696.SS) stock was trading at 1.7300 CNY, up 0.0800 (+4.85%). Yahoo Finance