According to APP, recently, Horgos Buer Culture Media Co., Ltd., which is 99% owned by Wu Xiubo, added information on the person subject to execution. The cause of the case is a contract dispute, the subject matter of execution is more than 290 million yuan, and the enforcement court is the higher people's Court of Zhejiang Province. Prior to this, Wu Xiubo and the company had been forced to execute more than 466 million yuan because of a dispute over the entrustment contract. Wu Xiubo responded that he "worked hard to film for the management and was tricked into bankruptcy by setting up a bureau."
Source: enterprise investigation