What happened to Zhao Wei?

Wei Long Media, controlled by Mr. and Mrs. Zhao Wei, has not prepared enough funds in its territory, and the financing of relevant financial institutions has yet to be approved. In the case of great uncertainty, the acquisition of listed company Wanjia Culture as a shell company and the hasty announcement seriously misled the market and investors.

In addition, there are false records and major omissions in the information disclosure of financing plans and arrangements in Wei Long media. Wei Long media did not disclose in time that it failed to reach financing cooperation with financial institutions. There are major omissions in the disclosure of the reasons why Wei Long media failed to complete the financing plan on schedule.

According to the announcement, according to the facts, nature, circumstances and social harm of the illegal acts of the parties concerned, and according to the provisions of the first paragraph of Article 193 of the Securities Law, the CSRC intends to decide:

1. Order Wanjia Culture to make corrections, give a warning and impose a fine of 600,000 yuan;

2. Give a warning to Kong Deyong and impose a fine of 300,000 yuan;

3. Wei Long Media ordered to make corrections, given a warning and fined 600,000 yuan;

4. Give warnings to Huang Youlong, zhaowei and Zhao Zheng, and impose a fine of 300,000 yuan respectively;