In this regard, the relevant person in charge of LeTV Holdings responded that LeTV will never owe money to any creditors, including financial institutions, including the supply chain. As long as you give LeTV time, it will be fully repaid.
The person in charge also said, "Mr. Jia is freeing himself from specific affairs and focusing on his core business. Like the outgoing general manager of LeTV, the legal person change of LeTV Holdings is a further fulfillment of Mr. Jia's commitment to "focus on LeTV's listing business and automobile business". Previously, he stepped down as CEO of LeTV, focusing on corporate governance, strategic planning and core product innovation. One of the reasons why LeTV Holdings changed its legal person this time is that Mr. Jia should fully promote the automobile strategy and continue to serve as the legal representative. Many procedures will be very inconvenient. "
It is understood that the shareholding structure of LeTV Holdings has not changed, and Jia Yueting is still the chairman, the largest shareholder and the actual controller.
According to the industrial and commercial information, Jia Yueting is still the executive director of LeTV Holdings after he no longer serves as the legal representative. In LeTV Holdings, Jia Yueting still holds 92.07%, and Jia Fangyue holds 1.5%. Wu Meng, the new legal representative of LeTV Holdings, has followed Jia Yueting 15 years, which actually represents the core interests of Jia Yueting.