November 24 According to Tencent Finance, we learned from different sources that Sun Hongbin actually made two preparations to control LeTV’s core assets. On the one hand, it will continue to inject blood through the "borrowing" model to revitalize core assets such as LeTV Zhixin, and on the other hand, it will continue to work hard to control LeTV Pictures.

If LeTV can be reborn after the resumption of trading with the help of its core asset LeTV Zhixin, Sun Hongbin will consider injecting LeTV Pictures to revitalize LeTV. Otherwise, it is not ruled out that Sun Hongbin will abandon the listed company LeTV and only hold core assets such as LeTV Zhixin.

On November 20, LeTV announced that LeTV Zhixin planned to apply for a loan of 500 million yuan from Tianjin Jiarui Huixin Enterprise Management Co., Ltd., a subsidiary of Sunac China, and LeTV applied for a loan of 1.29 billion yuan. Specifically: Tianjin Jiarui entered into the first loan agreement with LeTV Zhixin and LeTV. Tianjin Jiarui conditionally agreed to provide LeTV Zhixin with a loan of RMB 500 million for general operating funds of LeTV Zhixin. According to the announcement, Sunac China specifically stated that this loan was the first loan.

At the same time, Tianjin Jiarui and LeTV entered into a second loan agreement. Tianjin Jiarui conditionally agreed to provide LeTV with a loan of RMB 1.29 billion for LeTV's general operating funds. This loan for the second loan.

After taking over LeTV, Sun Hongbin also publicly stated that he would give priority to resolving the complex and complicated related-party transactions of LeTV, cut off the listed companies LeTV and LeTV Holdings, and start over.