Zhao Wei was fined for one year, and 512 lawsuits involved 60 million yuan. Tang De Film and Television lost 700 million yuan a year

Article | AI Finance and Economics Agency Zhang Zexiang

Editor | Lu Ming

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On April 16, 2018, the China Securities Regulatory Commission rejected Zhao Wei and his wife’s defense and announced the decision on the punishment of the celebrity couple. They were given warnings, a fine of 300,000 yuan, and a five-year stock market ban.

Today, a whole year has passed since the storm. In the past year, Zhao Wei and his wife were first imposed additional penalties by the China Securities Regulatory Commission, and then they were jointly and severally liable for losing a shareholder lawsuit.

According to reports, on April 10, the Hangzhou Intermediate People's Court opened court hearings successively in 29 investor v. Zhao Wei's Zhejiang Xiangyuan Culture Co., Ltd. securities false statement liability disputes. So far, after more than two months of intensive hearings, 512 investor v. Xiangyuan culture company cases have all been concluded, with a total amount of more than 60.68 million yuan involved.

During the same year, Zhao Wei's Tangde Film and Television was involved in the Gao Yunxiang scandal and Fan Bingbing’s tax evasion case, resulting in the delayed release of the series "Ba Qing Biography". According to the annual report data, Tangde Film and Television 2018 The annual loss was about 706 million yuan.

Aftershocks are not resolved

On November 20, 2018, the Shanghai Stock Exchange issued the "Disciplinary Action Decision" in which it determined that Zhao Wei and her husband Huang Youlong were not suitable to serve as directors, supervisors and senior executives of listed companies within five years.

and Zhao Wei's wife were named by the Shanghai Stock Exchange as well as Kong Deyong, former chairman of Xiangyuan Culture , Tibet Longwei Culture Media Co., Ltd. and other directly responsible personnel Zhao Zheng.

This is another additional penalty after the China Securities Regulatory Commission issued an administrative penalty decision to Zhao Wei and his wife on April 16 of that year. Six months ago, the China Securities Regulatory Commission announced a five-year ban on Zhao Wei, Huang Youlong, and Kong Deyong from the securities market, and fined Xiangyuan Culture and Longwei Media respectively 600,000 yuan, and imposed 300,000 yuan on Zhao Wei, Huang Youlong, Kong Deyong, and Zhao Zheng fine.

All this stems from a farce of empty gloved white wolf that Zhao Wei and his wife tried to stage. On December 27, 2016, Xiangyuan Culture disclosed an "Equity Transfer Agreement", which was established less than two months ago, and Longwei Media, with its own funds of only 60 million yuan, planned to acquire 29% of Xiangyuan Culture . The total value of this transaction is 3.06 billion yuan, and the leverage ratio is as high as 51 times.

According to reports, of the 3 billion Zhao Wei and his wife used for the acquisition, 1.5 billion came from Tibet Yinbixin, and the remaining 1.499 billion came from mortgage loans from financial institutions. The share transfer farce of

also makes Xiangyuan Culture 's share price ride a roller coaster. After the announcement of the transaction plan, its stock price rose from 18.38 yuan to 25.00 yuan, and then went all the way down. On April 16, 2018, when the China Securities Regulatory Commission announced the punishment of Zhao Wei and his wife, the stock price of Xiangyuan Culture had fallen to 6.3 yuan, and on November 20, the stock price of Xiangyuan Culture had fallen to 4.7 yuan. The aftershocks of

did not stop.

On January 18, 2019, Xiangyuan Culture issued an announcement stating that it had received 17 "Civil Judgments" and related legal documents from the Hangzhou Intermediate People’s Court of Zhejiang Province. The court sued 17 plaintiffs for the company’s liability for false statements in securities The trial of the dispute case was concluded and the first instance judgment was made. The "Civil Judgment" of

shows that the plaintiff Wang demanded that Xiangyuan Culture Company compensate its investment balance loss, commission, stamp duty and interest losses totaling 96,203.29 yuan; Zhao Wei assumed joint and several obligations for the first item of Xiangyuan Culture Company Liability for compensation; Xiangyuan Culture Company and Zhao Wei jointly bear all litigation costs in this case.

According to the data disclosed by the Hangzhou Intermediate Court, there were 512 similar cases. Since February 2019, investors have successively filed lawsuits with the Hangzhou Intermediate People's Court, and the last batch of cases was concluded on April 10.

Affiliated company Tangde Film and Television has a profit loss, and her husband's Weibo debt collection

is in the storm, Zhao Wei holds sharesThe listed company Tangde Film and Television released its 2018 performance report on February 27. The company achieved a total operating income of 768 million yuan, a year-on-year decrease of 34.95%; but a loss of 706 million yuan in profit, a year-on-year decrease of 465.75%; a net profit loss attributable to shareholders of the parent company was 565 million yuan, a year-on-year decrease of 393.11%.

announced that during the reporting period, the company's revenue was mainly derived from the authorized income of the TV series "East Palace" and "We Are Young in Wartime", and the revenue from the TV series "March 30 of Ten Years" and the movie "I'm Not the God of Medicine".

Tangde Film and Television claimed that the reason for the decline in revenue was that the TV series "Ba Qing Chuan" failed to be broadcast this year, resulting in the lag in the collection of the corresponding contract payments, which adversely affected the company’s cash flow from operating activities this year, resulting in the company’s current year The production progress of the investment and production of film and television projects has been lagging behind. In addition, due to the decline in the overall business climate of the film and television industry, the sales progress of the company's film and television projects this year is lower than expected.

"The Legend of Ba Qing" is regarded as an important profit bargaining chip by Tangde Film and Television , but the two generations of starring Gao Yunxiang and Fan Bingbing were involved in the lawsuit and were tragically suspended, which not only affected the company's performance, but also caused the company's stock price to plummet.

On February 28, at 10 pm on the second day of the performance announcement of Tangde Film and Television , Zhao Wei’s husband Huang Youlong first asked Wen Chunqing of the "Guangzhou Hakka Chamber of Commerce" to contact him, and half an hour later, he posted another Weibo saying "ow It should be paid." At present, two Weibo have been deleted.

It is understood that Wen Chunqing is the chairman of the Guangdong Hakka Chamber of Commerce, the founder of Dabaihui Industrial Group Co., Ltd., and the vice chairman of Yunnan Gold Mining Group Co., Ltd. The fields involved include Wuyeshen cigarettes, real estate, liquor, gold mining, etc. In 2018, it ranked 355th on the New Fortune 500 list with a net worth of 8.5 billion. According to public information from

, as early as 2008, Wen Chunqing had taken over the Golden Leaf Hot Spring Hotel of Huang Youlong. Since then, the two have frequently interacted on Weibo. In 2015, Huang Youlong visited the Guangdong Hakka Chamber of Commerce, and Wen Chunqing received him as the chairman.

As for why Weibo collects debts, Huang Youlong has yet to express his views.