On 20 16, Qi pledged the equity of Wentou Holdings to Xiamen Trust, and obtained 3.548 billion yuan for Yaolai Project. The film and television industry suffered a cold winter, and the share price of Wentou Holdings fell, resulting in a decrease in the value of its collateral. This made Qi unable to repay the loan on time, which eventually led to the company facing major operational difficulties and debt problems.