According to the corporate database Qichacha, actress Zhao Wei recently had 9 million yuan (about $1.3 million) worth of shares in Wuhu Dongrunfa Investment Co., Ltd. frozen. The freeze will last from March 9, 2026 to March 8, 2029. Reports from Sohu say this is not a new case but an extension of a long-running dispute tied to a financial guarantee Zhao Wei provided years ago.
Wuhu Dongrunfa Investment was established 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 her the controlling shareholder.
The legal dispute dates back to 2017, when Zhao Wei acted as a guarantor for the trust project “Zhixin No.340 Shanghai Laibo Collective Fund Trust Plan” launched by Minsheng Trust, which involved financing activities worth about 1.8 billion yuan. After the borrower failed to repay the debt, Minsheng Trust sued Zhao Wei in 2021, asking her to fulfill her guarantee obligations. Since then, courts have repeatedly frozen assets under her 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 in Wuhu Dongrunfa, courts have also frozen 1.9 million yuan worth of shares in Tibet Longwei Culture Media Co., Ltd. (95% owned by Zhao Wei) and 5 million yuan in Hebao Entertainment Group Co., Ltd., bringing the total value of 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 later triggered regulatory action from 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 ongoing financial and legal challenges. She reportedly faces more than 400 lawsuits related to misleading securities disclosures, with compensation claims totaling tens of millions of yuan. Courts in Hangzhou and Zhejiang between 2024 and 2026 ruled that she must share liability for damages, with payouts ranging from tens of thousands to hundreds of thousands of yuan per case.
In November 2024, Zhao Wei and related companies were subject to enforcement over a debt of just 8,488 yuan. Under Chinese law, frozen shares cannot be transferred, pledged, or used to receive dividends, meaning she cannot sell or leverage the 15.9 million yuan in frozen assets for the next three years. Meanwhile, Zhao Wei’s business empire has shrunk significantly. Of the more than 10 companies she once invested in, four have had their licenses revoked while others operate on a limited scale.
Zhao Wei announced her divorce from Huang Youlong in 2024, but the separation does not release her from legal obligations tied to the earlier guarantee agreements. Industry sources say the borrower in the trust case was linked to Huang Youlong’s sister, meaning Zhao Wei’s financial liability still stands.
Sources: Netizenbuzz