Over 200 million yuan in assets frozen? Meihua Capital, Wu Shichun responds.

Recently, it has caused quite a stir in the venture capital circle that assets totaling over 200 million yuan under the name of Wu Shichun, founding partner of Plum Blossom Ventures, have been sealed, seized, or frozen. This afternoon, Wu Shichun officially released a statement in response to this matter. He stated that the reason for the freezing of his assets was due to a stock dispute arbitration case involving Beijing Keytone Network Co., Ltd. According to the statement, the investors of ListenCloud Company have initiated a buyback arbitration and are requesting ListenCloud Company to fulfill its buyback obligations. As the legal representative and largest shareholder of ListenCloud Company, Wu Shichun is required to assume the buyback responsibility in the event that ListenCloud Company is unable to fulfill it. Wu Shichun believes that the intention of the investors' lawyers is to use litigation strategies to force him to comply with their property claims.