【#Wu Xiubo becomes a discredited debtor##Wu Xiubo fails to fulfill 460 million yuan case payment and becomes a discredited debtor#】

According to U.S. Stock Research, Tianyancha legal litigation information shows that recently, Wu Xiubo and Horgos Bu'er Culture Media Co., Ltd. were restricted from high consumption due to failing to fulfill the payment obligations specified in the effective legal documents within the designated period. At the same time, Wu Xiubo was listed as a discredited 被执行人 (discredited debtor) for violating the property reporting system and refusing to fulfill the execution settlement agreement without justifiable reasons, involving a case related to Horgos Huali Culture Media Co., Ltd.

Case process information shows that in November last year, Wu Xiubo and his Horgos Bu'er Culture Media Co., Ltd. were enforced to pay over 466 million yuan due to this case. According to media reports, Wu Xiubo once accused another investor of the TV series "The Advisors Alliance," Jiangsu Huali Culture Media Co., Ltd., of setting up a trap with fake seals and contracts on Weibo, leading Horgos Bu'er Culture Media Co., Ltd. to face huge losses and himself to face bankruptcy. Shareholder information shows that Horgos Huali Culture Media Co., Ltd. is 90% owned by Jiangsu Huali Culture Media Co., Ltd. It is reported that in 2019, Horgos Huali sued Wu Xiubo and Horgos Bu'er Culture Media for copyright license contract disputes. In March this year, Wu Xiubo and Horgos Bu'er Culture Media appealed the dispute with Huali Culture.