Chinese actor Wu Xiubo, who has been suppressed for many years, recently had new information about the freezing of his equity. According to the information from “Tianyancha”, the enterprise where his equity was frozen is “Beijing Niujiaocun Catering Management Co., Ltd.”, with a frozen equity amount of over 1.199 million yuan (RMB), and the freeze period is from July 9, 2024, to July 8, 2027. The executing court is the Beijing Third Intermediate People’s Court.
“Beijing Niujiaocun Catering Management Co., Ltd.”, which once claimed to be “the place with the highest chance to meet stars in Beijing”, was established in October 2015. The legal representative is Huang Fang, with a registered capital of 22.222 million yuan. It is jointly operated by Wu Xiubo, Yang Kun, Xia Yu, and other celebrities. Since 2022, the company has started to default on payments and settlement fees for stored value cards. The risk information on “Tianyancha” shows that the company had been listed as a person subject to enforcement for dishonest acts (laolai) and had been restricted from high consumption multiple times.
It is worth noting that the 55-year-old Wu Xiubo is not new to having his equity frozen and assets forcibly executed. The “Horgos Buer Culture Company”, in which he holds a 99% stake, had new information on the freezing of equity at the beginning of the month, involving equity funds of 49.5 million yuan. Meanwhile, last month, the “Changxing Zhuoyi Film and Television Studio”, also owned 99% by him, had 100,000 yuan of equity frozen. Including the 466 million yuan enforced last year and the 290 million yuan in January this year, Wu Xiubo and his companies have had over 760 million yuan of assets forcibly executed and frozen.
Wu Xiubo has appeared in various TV series such as “Before Dawn”, “The Case of Zhao Orphans”, and the series “The Advisors Alliance” and gained numerous awards with the hit movie “Finding Mr. Right”. He was dubbed the “top actor in the uncle circle”.
In 2015, Wu Xiubo established his “Buer Culture Company” and has also invested in 11 other companies, including “Xitian Film and Television” and “Happy Blue Ocean”, making him a wealthy star in the entertainment industry. In 2018, his extramarital affair with the young actor Chen Yulin, with whom he had a seven-year relationship, shattered his public image. This not only directly affected the broadcast and release of his works but also led to substantial endorsement fee compensation.
Wu Xiubo once revealed that he was deceived by fraudsters using fake seals and contracts, leading to the loss of his family’s wealth. He also hinted at allegations of corruption against mainland Chinese police and judges. Apart from having his property forcibly executed and frozen, he has also been reported to sell his overseas properties at low prices in recent years. From a star whose works repeatedly reached high viewership, he has fallen from grace to being suppressed for many years, a situation that is lamentable.