To ordinary people, transferring money was a minor matter, but to An Wuyang, it was a major problem.
Especially when the Happy Life System indicated that the source of the funds was overseas, An Wuyang became even more suspicious of the transfer channel.
What if the money were inexplicably transferred directly from overseas into his personal account—
Then the money would come in that morning, he would be arrested at noon, and he would still be unable to get out by nightfall because he could not explain where it came from.
Even if the transfer took place domestically, what if it came from some company account?
Leaving aside whether the corporate account had even applied to make transfers to personal accounts, the moment a transfer from a corporate account to a personal account succeeded, the bank's risk-control system would immediately issue an alert!
Because An Wuyang understood these things, he cautiously asked the Happy Life System exactly how it planned to arrange the channel for transferring the funds.
'Based on the host's record of traveling to the Federation of White Eagles, the system has already registered a JPMorgan Chase Bank account in the Federation of White Eagles for the host. This account will serve as one of the channels for the host's overseas fund transfers.' The Happy Life System provided feedback.
'Based on the host's identity as a citizen of the Xia Kingdom, the system has already applied for the W-8BEN form from the IRS of the Federation of White Eagles, declaring that the host is not a tax resident of the Federation of White Eagles. This exempts the host from Capital Gains Tax in the US stock market, among other taxes, as well as related taxes imposed by the Federation of White Eagles.' The Happy Life System added.
'The funds obtained by the system from the US stock market will be transferred legally and compliantly across borders through the host's JPMorgan Chase Bank account, and all relevant personal taxes and fees incurred when the funds enter the Xia Kingdom will be paid.' The Happy Life System continued.
As An Wuyang looked at the information fed back by the Happy Life System in his mind, he realized that with this transfer method and these arrangements, there would be no legal risks, nor any risk of being arrested at noon after making a transfer that morning.
But there was still one small problem!
'Where did the system's initial capital come from?' An Wuyang switched into interrogation mode.
These details had to be investigated thoroughly. If there were any problems, An Wuyang himself would be the one going to prison. He wondered whether the Happy Life System would take his place in prison.
If the Happy Life System's transfers did not enter An Wuyang's own account, yet he could still freely use the funds, he would not have asked a single question!
'The system's initial capital came from BTC virtual currency. All of the BTC virtual currency was obtained overseas, and the corresponding BTC virtual currency was acquired before September 30, 2017.' The Happy Life System provided feedback.
The Xia Kingdom had once announced that after September 30, 2017, BTC virtual currency was illegal in the Xia Kingdom. However, BTC virtual currency obtained before that date was considered legal as long as it was disposed of before the illegal period began.
In short, the Happy Life System's initial capital, its method of earning profits, the channel through which its rewards were transferred, and everything else were all legal, compliant, and supported by verifiable records.
This point was extremely important!
Otherwise, if a sum of money suddenly appeared in An Wuyang's personal account, would he not simply be causing trouble for himself?
To be honest, given An Wuyang's family circumstances, he did not care about rewards of merely three hundred thousand a year. After all, the Wugengtian Pharmaceutical Group could earn more than fifty million in net profit annually.
So An Wuyang truly did not care about the Happy Life System. He was already living a very happy life!
After An Wuyang clarified the information about the Happy Life System, he yawned and soon fell into a deep sleep.
Neither the Happy Life System nor his less-than-ideal College Entrance Examination results could keep the wealthy An Wuyang awake. Perhaps that was the confidence that came from a family business earning fifty million a year?
It was nearly eight in the morning when An Wuyang was woken by his mother, Li Wenya, who reminded him to get up, wash, and prepare for breakfast.
After washing up in the bathroom in his room, An Wuyang went to the living room, where his father, An Huchun, was already seated at the dining table.
"Have you checked your score?" An Huchun asked first.
"Yeah, I checked it in the early hours of the morning." An Wuyang answered firmly. "With a score a little over four hundred, I can only choose some Second-tier Universities."
Neither An Huchun nor Li Wenya was surprised that An Wuyang had scored only a little over four hundred in the College Entrance Examination.
It was not as if his mock examinations before the College Entrance Examination had failed to give them a rough idea of his performance.
"Although your score is a little low, at least you can still attend an undergraduate college." Li Wenya sighed.
"Wuyang, there's something we need to inform you about." An Huchun's tone became somewhat formal.
An Wuyang was secretly puzzled. His family was harmonious, and their usual conversations were relaxed and congenial. An Huchun's sudden formal tone naturally made him suspicious.
"This matter... Well, you see..." An Huchun suddenly stammered, unable to get the words out.
Li Wenya came over carrying a plate of fried eggs and took over the conversation. "Wugengtian's situation is a little bad. It's currently facing the risk of bankruptcy and closure."
What?
An Wuyang looked at Li Wenya in astonishment, then turned to An Huchun.
"Dad, Mom, are you worried that I'll become a spoiled rich kid after going to college? Or are you worried that I'll turn bad?" An Wuyang asked sarcastically.
Li Wenya replied, "We do have that concern, but what I just said is also true. Wugengtian really has reached the brink of bankruptcy."
"No." An Wuyang was still utterly confused. "I remember that when I graduated from middle school, I saw the group's financial statements in my dad's study. The annual net profit was over fifty million, wasn't it?"
How could an established pharmaceutical company with annual net profits exceeding fifty million be on the verge of bankruptcy after only three years?
It made no sense!
"That's why people say: It's not being afraid of a rich second-generation heir doing nothing productive; it's being afraid of a rich second-generation heir wanting to start a business." Li Wenya shot a glance at An Huchun.
An Wuyang instinctively retorted, "I didn't start a business—"
Halfway through, An Wuyang stopped, because he realized that he was not a rich second-generation heir. More accurately, he was a rich third-generation heir. His father was the rich second-generation heir.
An Wuyang looked at An Huchun, confusion showing in his eyes. What exactly had his father done to bring the family business to the point of collapse?
An Huchun looked embarrassed.
Li Wenya explained on behalf of her husband. "After your grandfather passed away, your father took charge of the group. At the same time, he inherited your grandfather's dying wish and invested a large amount of money into the modernization of Chinese herbal medicine research."
"In the three years from 2018 to 2020 alone, the group invested more than one hundred million in the field of Chinese herbal medicine research, but it failed to achieve any meaningful research progress." Li Wenya added.
"This situation consumed a huge amount of the group's cash flow, to the point that its cash flow is now close to collapsing. Based on my preliminary audit and investigation, the group's problems are extremely serious." Li Wenya was a senior partner at Mingjing Law Firm.
After her husband told her about the situation at Wugengtian Pharmaceutical Group, she joined forces with an accounting firm to conduct a preliminary audit and investigation of Wugengtian. The specific situation could only be described as extremely awful!
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