Luo Yonghao's 'True Repayment Biography' Season 2 and His Business Updates
TapTechNews August 26th news, Luo Yonghao today on Weibo @Luo Yonghao ・ Niohuru released
So far, actually True Repayment Biography has repaid a total of 824 million, far exceeding the previously publicly disclosed owing more than 600 million, the main reason is that during the debt repayment process, due to various lawsuits and disputes bringing additional compensations, as well as various fines due to arrears and so on, making the total debt increase by nearly 100 million. In addition, some situations that emerged at the end of 2022 also generated new debts.
In addition, Luo Yonghao announced the True Repayment Biography Season 2, stating that when Smartisan Technology raised funds back then, it received 300 million in investment and 300 million in borrowing from state-owned capital, a total of 600 million, which is also the public information reported by the media before. But when the True Repayment Biography Season 1 started, Luo Yonghao did not count this part in, mainly because the contract expiration of this 300 million borrowing is at the end of 2022, and when the True Repayment Biography started in 2018, this part of the debt will only occur after 4 years.
Luo Yonghao said that he decided to, like in the True Repayment Biography Season 1, once again voluntarily放弃 debt restructuring negotiations and directly promised to the state-owned capital creditor:
In addition to the 300 million in borrowing, the 300 million lost in investment will also all be treated as debts, and we will repay the 600 million principal in cash 100%. Actually, this part of the debt has been quietly repaid for more than a year now and will be completely repaid in the next few years.
Luo Yonghao also said that next he and his team will use all legal, compliant and business ethical ways to hype up and go all out to increase cash income in various ways, and repay the remaining more than 500 million debts as soon as possible, and the immediate things to do include but are not limited to:
1. Fully resume the update and operation of social media accounts, and this time will operate simultaneously on nine online platforms;
2. Partially resume the recording of variety shows;
3. Fully resume accepting commercial advertisements and endorsements;
4. Partially resume the wedding and funeral hosting business;
5. Fully resume inviting cultural celebrities and film and television stars to the live broadcast room to communicate and bring goods;
6. Fully resume the creation of the same-named commercial comedy blockbuster and serious documentary True Repayment Biography......
Luo Yonghao's Weibo small account Luo Yonghao's Rumor Refuting Account was recently modified as the main account and renamed Luo Yonghao ・ Niohuru, and announced that it will publish articles of about 15,000 words in total, and the one released this morning is the first part of the three parts.
Luo Yonghao officially announced in July 10, 2022 that the name of his new startup company is ThinRedLine, claiming that it will be committed to building the next-generation personal computing device platform, and completed nearly 400 million yuan in angel round financing in the same year in October, and on November 23 of the s ame year, it announced the completion of about 50 million US dollars (TapTechNews note: currently about 356 million yuan) in angel round financing.
In January 2024, there was news that Luo Yonghao's ThinRedLine company's business has shifted from AR to large models, and then the person from Beijing ThinRedLine Technology Co., Ltd. said that the news is not true, and Luo Yonghao is still focused on AR hardware and software.
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