[Xu Jiayin Sentenced to Life Imprisonment, First-Instance Verdict Announced for Evergrande Group, Evergrande Real Estate, and Related Cases] Deep Tide TechFlow reports that on the morning of August 20, 2026, the Shenzhen Intermediate People's Court of Guangdong Province publicly announced the first-instance verdict for the case involving the defendant entities Evergrande Group Co., Ltd. (hereinafter referred to as Evergrande Group), Evergrande Real Estate Group Co., Ltd. (hereinafter referred to as Evergrande Real Estate), and the defendant Xu Jiayin. Evergrande Group was sentenced to a combined fine of RMB 8.82 billion; Evergrande Real Estate was fined RMB 7 billion; Xu Jiayin was sentenced to life imprisonment for multiple crimes, deprived of political rights for life, and had all personal assets confiscated. Illegal gains will continue to be recovered, and any shortfall must be compensated. On the same day, the Shenzhen Intermediate People's Court and the Shenzhen Nanshan District People's Court also publicly announced verdicts for cases involving Evergrande Group personnel related to illegal public deposit-taking, fundraising fraud, and unlawful use of funds. A total of 56 individuals, including Zhen Litao, Ke Peng, Xu Tenghe, Xu Zhijian, Du Liang, and Liang Dong, were sentenced to fixed-term imprisonment ranging from 18 years to 1 year and 10 months, along with fines or confiscation of property. Illegal gains will continue to be recovered, and any shortfall must be compensated. (Jin10)