YH Entertainment, the management company for Chinese star Wang Yibo, has released a formal statement addressing the spread of online rumors. The company stated that it recently identified multiple internet users disseminating information on domestic and international platforms that infringes upon the personal rights of its artist, Wang Yibo, by spreading false claims, creating an extremely negative impact. To protect Wang Yibo's legal rights, the company issued the following stern declaration: First, the company strongly condemns the relevant parties for disregarding legal boundaries and engaging in suspected illegal activities, including maliciously creating and publishing false statements. Regarding these actions, the company has already taken legal measures, including reporting the matter to the police and initiating civil litigation, to pursue accountability seriously. The company hereby warns the involved parties to immediately cease spreading, reposting, or commenting on the related false information and to promptly remove any defamatory or slanderous content derived from it to prevent further damage. Second, the company has engaged a law firm to conduct comprehensive evidence collection and prepare for litigation. It maintains a zero-tolerance stance towards the malicious dissemination of false information and the publication of defamatory content, and will continue to monitor online developments, gather evidence of illegal activities, and pursue legal action to the fullest extent. Third, the company emphasizes that the internet is not a space beyond the law. It urges all relevant parties to act rationally, respect the legal rights of others, and understand that any actions crossing legal boundaries will face severe legal consequences. Previously, on February 28 and March 1 of this year, YH Entertainment issued statements condemning the malicious fabrication and defamation of its artists and the serious disruption of the online environment, vowing to hold those responsible legally accountable. Public information shows that Wang Yibo, born in August 1997, is a Chinese actor, pop singer, and professional racer, recognized in the Chinese entertainment industry for his versatile talents and well-rounded image. In recent years, films starring Wang Yibo, such as "Hidden Blade" and "Born to Fly," have received critical acclaim, and he boasts over 41 million followers on Weibo. On March 20, the share price of YH Entertainment declined in Hong Kong trading, falling over 4% to an intraday low of HK$1.91 per share.
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