Chinese Regulatory Bureau Addresses Controversy Surrounding Actress's Father Withdrawal of Company Shares

According to the bureau, the company, Shenzhen Shuicimoy Meizhou Trade Co., Ltd., submitted its application for the change in shareholders on May 13, but the materials were not in order and were asked to be corrected. After the correction and resubmission, the materials were found to be complete and in compliance with the legal requirements, and the approval was completed by the Longgang Municipal Market Supervision and Administration Bureau within working hours, with no evidence of premature or overnight handling.

The incident has sparked heated discussion online, with many questioning whether Yang Wei's actions were an attempt to avoid controversy and protect his daughter's reputation. Huang Yangtiantian, who was born in 2007, has been in the entertainment industry since 2017 and has appeared in over 30 films and TV dramas. She recently made headlines for her high scores in the 2025 college entrance examination for art majors, sparking concerns about whether the controversy surrounding her family would affect her admission to college.

The controversy began when a public outcry over Huang Yangtiantian's "luxury earrings" sparked heated discussions online. Subsequently, netizens discovered that her father, Yang Wei, had withdrawn his 100% stake from a company he invested in before publicly responding to the incident. The sudden withdrawal of his investment, valued at 10 million yuan, was dubbed "overnight withdrawal" and drew significant attention from netizens. The Shenzhen Market Supervision and Administration Bureau's clarification on the matter has provided valuable insight into the events surrounding Yang Wei's investment withdrawal, dispelling speculation about any potential irregularities in the process.

However, the online community has responded with skepticism to the city regulatory bureau's response, questioning whether the swift withdrawal of shares by Huang Yang's father was merely a coincidence or a deliberate attempt to avoid responsibility. Many netizens have expressed concerns that there may be more to the story than meets the eye, with some speculating about potential conflicts of interest or illicit transactions. Their doubts are further fueled by the fact that the company's registration address is uncontactable, and the firm has been listed as an abnormal business operator shortly after the changes in shareholders.

The public is calling for a more thorough investigation to uncover the truth behind the sudden withdrawal of shares and to provide a satisfactory answer to their questions. As one netizen pointed out, the focus of the public's scrutiny is not whether the procedures were followed correctly, but rather whether there were any ulterior motives or attempts to shirk responsibility behind the scenes. The regulatory bureau's response has done little to alleviate these concerns, with many online commentators demanding greater transparency and accountability.

In light of the intense public scrutiny, it remains to be seen whether the authorities will launch a more comprehensive investigation to address the lingering doubts and provide a clearer explanation for the rapid withdrawal of shares by Huang Yang's father. The city monitoring bureau's investigation found no evidence to support claims of premature or overnight handling of business changes, indicating that all procedures were followed properly through on-site services. Nevertheless, the public's demand for transparency and accountability is likely to continue until a more satisfactory explanation is provided.