LeTV chairman said Jia Yueting is still the actual controller, LeTV Holdings denied

LeTV chairman said Jia Yueting is still the actual controller, LeTV Holdings denied
Sauna Night News, on the 14th, LeTV Holdings issued a statement on its official Weiwei Chairman Le Yanfeng’s untrue statements.The following is the full text: Statement regarding the false report of LeTV ‘s chairman Liu Yanfeng Recently, we are concerned that at the LeTV ‘s 2019 annual performance briefing on May 12, 2020, LeTV ‘s chairman Liu Yanfeng and his company ‘s relevant management personnel were inThere are serious untrue comments and misleading information in the publicly published content and comments, which not only has a huge impact on Mr. Jia Yueting’s reputation, but also misleads investors.After this, we declare as follows: First, Liu Yanfeng, chairman of LeTV.com, said that as of May 8, 2020, Mr. Jia Yueting is still the actual controller of the company.In fact, Mr. Jia Yueting no longer actually controls LeTV.Mr. Jia Yueting no longer held any position in LeTV since he resigned as chairman of LeTV in July 2017. He has successively appointed or appointed directors, supervisors, and senior executives who have been appointed in the past.Personnel; Mr. Jia Yueting no longer made any decisions or instructions on the management of LeTV.com (including but not continuous official seal management, financial management, etc.), and no longer actually controls LeTV.com.In the end, overall, the actual directors, supervisors, and executives who actually control LeTV.com.Second, LeTV’s director Wu Baoyu said that since 2018, there has been no progress in the treatment of debt between LeTV and its major shareholders and related parties.This description is seriously inconsistent with the facts and the information that LeTV has already disclosed.Since September 2017, Mr. Jia Yueting has entrusted the LeTV Holding Debt Processing Group to communicate with LeTV Network for several consecutive times, and has successively reached and implemented relevant debt repayment plans.For details, please refer to the “Announcement of 300104 LeTV on the progress of solving the debt problem with the non-listed system” issued by LeTV on August 21, 2018, and the “Announcement of 300104 LeTV on the settlement of debts and related transactions by related party companies”.Third, the chairman of LeTV Liu Yanfeng said that the amount of Jia Yueting’s guarantee in LeTV ‘s company debt was about US $ 9 billion, and said that Mr. Jia Yueting ‘s personal debt restructuring plan did not include LeTV Sports and the US $ 9 billion in the LeTV cloud guarantee.Although according to current laws, Mr. Jia Yueting ‘s creditors do not include LeTV.However, Mr. Jia Yueting never shy away from his and his related parties, LeTV Holding System and LeTV.com, guaranteeing joint and several debts, related arrears and other related debt issues, and abide by their commitment to the end.Therefore, the bankruptcy reorganization plan has considered and arranged for the above-mentioned problems including the settlement of internal issues related to LeTV.After this, we specifically explain and delete two points: 1. The amount guaranteed by Mr. Jia Yueting in LeTV ‘s corporate debt is about US $ 3 billion; 2. Mr. Jia Yueting ‘s personal debt restructuring plan has included the debt of the LeTV Cloud guarantee caseAnd the joint debt of LeTV Xingen M & A Fund.Regarding the false information and misleading remarks issued by LeTV Chairman Liu Yanfeng and the relevant person in charge of the company, we ask them to face the facts of the public and the regulatory authorities as soon as possible.Editor Liu Jiani Source: LeTV Holdings

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