Huayi Brothers and its founders have been restricted from consumption. More than ten companies under the Huayi Brothers have been deregistered.

According to media reports, recently, Huayi Brothers announced that the company has been applied for reorganization and pre-reorganization by creditors, sparking discussion on the topic. Tianyancha App shows that Huayi Brothers Media Co., Ltd. was established in November 2004, with founder Wang Zhongjun as the legal representative, registered capital of about 2.77 billion RMB, and business scope including corporate image planning, film and television culture information consulting services, investment management of film and television projects, etc., jointly held by Wang Zhongjun and others. Legal proceeding information shows that the company and its legal representative Wang Zhongjun currently have a restriction on consumption order, with the executing court being the Chaoyang District People's Court in Beijing. The case progress information shows that the company has been executed more than 1.89 million RMB for this case. Controlled enterprise information shows that more than ten companies under the company have been cancelled.