Luo Yonghao's Debt Repayment Update and Future Plans

TapTechNews August 26th news, the information shows that Luo Yonghao and his affiliated companies have been repeatedly enforced and restricted from high consumption, but the above information has been removed by the court. Currently, there is no enforcement information or consumption restriction order under Luo Yonghao's name. However, there is still some equity freeze information under his name that has not been lifted.

Earlier today, Luo Yonghao posted on social media that so far, the 'True Repayment Legend' has repaid a total of 824 million yuan, far exceeding the previously publicly disclosed 'owing more than 600 million yuan'. The newly added debts (including 300 million yuan in borrowings and 300 million yuan in investment funds) have also been repaid for more than a year and will be completely repaid in the next few years.

TapTechNews noticed that Luo Yonghao also said that next he and his team will use all legal, compliant and business ethical ways to 'hype up a lot', go all out to increase and strengthen cash income in various ways, and repay the remaining more than 500 million yuan in debts as soon as possible.