Chinese Mainland actress Zhao Wei, who has been banned for five years, recently had new information updated on “Tianyancha,” revealing that her 9 million yuan worth of shares in Dongrun Hair Investment Co., Ltd. have once again been frozen by the court, with the deadline extended to 2029. Since being completely banned in August 2021, Zhao Wei has been facing rounds of asset liquidation and judicial freezes due to her excessive leverage in the capital market in earlier years, collateralized debts, and multiple securities fraud disputes.
The shares under Zhao Wei’s name have been frozen again, involving Dongrun Hair Investment Co., Ltd. founded jointly by Zhao Wei and her brother Zhao Jian in 2010. Zhao Wei paid in 9 million yuan, holding 90% of the shares as the controlling shareholder, while Zhao Jian paid in 1 million yuan, holding 10% of the shares. Zhao Jian is the legal representative of the company and serves as the executive director and general manager, with 2 employees insured under the company.
Last August, the China National Enterprise Credit Information Disclosure System website showed the frozen shares held by Zhao Wei in Tibet Longwei Culture Media Co., Ltd., Hebao Entertainment Group Co., Ltd., and Dongrun Hair Investment Co., Ltd., with frozen share equity amounts of 1.9 million yuan, 5 million yuan, and 9 million yuan, respectively. The freeze periods were all for 3 years, with the enforcing court being the Dongcheng District Court in Beijing.
Dongrun Hair Investment Co., Ltd., under Zhao Wei’s name, is a financial enterprise. The core reason for the recent 9 million yuan share freeze is to bear the approximately 1.8 billion yuan financial trust joint and several liability secured debt, which was previously frozen and has now been extended following legal procedures.
The root of this event dates back to 2017 when Zhao Wei, as one of the guarantors, along with Huang Youlong and Shi Yuzhu, jointly signed a “guarantee contract” to provide joint and several liability guarantee for the 18 billion yuan financing project issued by the “Guangzhou Fenghuolun Machinery Manufacturing Co., Ltd.,” controlled by Huang Li, Huang Youlong’s sister. When the financing matured in 2021, the main debtor (Huang Li’s company) failed to repay the loan, leading to a massive default on the debt. The creditor, Minsheng Trust, subsequently sued Zhao Wei and others to bear the full joint and several repayment responsibility.
In fact, this is not the first time Zhao Wei’s assets have been frozen, indicating a continuation of multiple rounds of judicial enforcement. Since the April 2021 case, the Dongcheng District Court in Beijing initially froze multiple shares under Zhao Wei’s name, including Dongrun Hair, due to the aforementioned guarantee contract dispute. With the three-year freeze period expiring, the court issued a new judicial freeze order on March 9, 2026, extending the freeze on this 9 million yuan share for another three years until March 8, 2029.
In late 2024, Zhao Wei officially announced her divorce from Huang Youlong via social media, attempting to separate herself from him both in public opinion and economically. However, the 18 billion yuan joint guarantee contract was signed during their marriage and holds absolute legal validity.
Contrasting with her past glory, in November 2024, Zhao Wei and her companies were subject to forced execution by the Hangzhou Intermediate Court for two small execution amounts of 8,488 yuan and 5,689 yuan.
Apart from the 18 billion trust dispute, Zhao Wei has long been “overdrawn” in the capital market. Her attempted acquisition of “Wanjia Culture” with an excessively leveraged 51:1 ratio through the shell company “Longwei Media” with Huang Youlong in earlier years resulted in severe penalties from the China Securities Regulatory Commission and market ban. The ongoing bankruptcy and numerous lawsuits have led to a contraction of her commercial empire, with various assets being successively frozen by major courts.
In addition to the 9 million shares released by Dongrun Hair, Zhao Wei’s commercial empire is facing a comprehensive contraction, with a total frozen amount exceeding tens of millions. The judicial freeze of shares implies that these assets have been “welded” and are unable to be transferred, sold, distributed, or used for any pledge financing, essentially losing their liquidity and capital operation functions.
Following her ban, Zhao Wei had attempted to seek opportunities. Her directed film “No Other Love” was renamed “Honey Needle” and was slated for release in early 2026. However, official media outlets such as Xinhua News Agency made harsh statements disallowing illicit and violative artists to return, essentially blocking her comeback path.
In March 2026, Zhao Wei celebrated her 50th birthday and was spotted in Yunnan’s Dianchi Lake and other places, appearing visibly thinner. Currently, all her public exposure, asset liquidation, and fund operation channels have been locked by the courts and industries. Netizens believe her chances of a comeback are extremely slim.