According to business database Qichacha, actress Zhao Wei recently froze 9 million yuan (about $1.3 million) worth of shares in Wuhu Dongrunfa Investment Co., Ltd.. The freeze will last from March 9, 2026 to March 8, 2029. Sohu reports say This is not a new case but an extension of a long-standing dispute related to a financial guarantee provided by Zhao Wei years ago.
Wuhu Dongrunfa Investment was founded in June 2010 and is legally represented by Zhao Wei’s brother, Zhao Jian. The company has a registered capital of 10 million yuan, with Zhao Wei holding 90% of the shares and Zhao Jian owning the remaining 10%, making it the controlling shareholder.
The legal dispute dates back to 2017, when Zhao Wei acted as guarantor for the “Zhixin No.340 Shanghai Laibo Collective Fund Trust Plan” trust project launched by Minsheng Trust, which involved financing assets worth approximately 1.8 billion yuan. After the borrower failed to repay the debt, Minsheng Trust sued Zhao Wei in 2021, demanding that she fulfill her guarantee obligations. Since then, courts have repeatedly frozen assets in his name.
The latest action is essentially a three-year extension of asset restrictions ordered by the Dongcheng District Court in Beijing. In addition to the 9 million yuan shares of Wuhu Dongrunfa, the courts also froze shares worth 1.9 million yuan of Tibet Longwei Culture Media Co., Ltd. (95% owned by Zhao Wei) and 5 million yuan of Hebao Entertainment Group Co., Ltd., bringing the total value of the frozen shares to 15.9 million yuan.
Tibet Longwei Culture Media was also involved in Zhao Wei’s controversial 2016 attempt to acquire Wanjia Culture using highly leveraged financing. The deal subsequently triggered regulatory action by the China Securities Regulatory Commission, which fined Zhao Wei and her then-husband Huang Youlong and banned them from the securities market for five years.
In recent years, Zhao Wei has faced continuous financial and legal challenges. It reportedly faces more than 400 lawsuits related to misleading securities information, with compensation claims totaling tens of millions of yuan. Courts in Hangzhou and Zhejiang between 2024 and 2026 ruled that it must share responsibility for damages, with payments ranging from tens of thousands to hundreds of thousands of yuan per case.
In November 2024, Zhao Wei and related companies were subjected to forced execution for a debt of only 8,488 yuan. Under Chinese law, the frozen shares cannot be transferred, pledged or used to receive dividends, meaning the 15.9 million yuan of frozen assets cannot be sold or exploited for the next three years. Meanwhile, Zhao Wei’s business empire has shrunk significantly. Of the more than 10 companies he has invested in, four have had their licenses revoked while others operate on a limited scale.
Zhao Wei has announced her divorce from Huang Youlong in 2024, but the separation does not free her from legal obligations related to previous guarantee agreements. Industry sources say that the borrower in the trust case was linked to Huang Youlong’s sister, meaning that Zhao Wei’s financial responsibility still stands.
Sources: Netizenbuzz
