Shulou(Shulou.com)11/24 Report--

Thanks to CTOnews.com netizen Xiao Zhan for the clue delivery! CTOnews.com, January 16, recently, Storm Group Co., Ltd. and its legal representative Feng Xin added a new consumption restriction order to restrict the high consumption behavior of the company and its legal representative Feng Xin. The applicant is the Beijing Regulatory Administration of China Securities Regulatory Commission, and the case involved is administrative non-actionable enforcement.

CTOnews.com learned that Storm was founded in early 2007, and its video player Storm Player was highly sought after for its compatibility with most video and audio formats. As a must-have software for installation in the PC era, Storm was once the largest Internet video playback platform in China, with a market share of 70% at its peak.

According to Blue Whale Finance, Stormwind, with PC player "Storm Player" as its core business, was listed and traded on the gem of the Shenzhen Stock Exchange in 2015 at an offering price of 7.14 yuan per share. In only 40 days, Storm picked 36 trading boards and its share price soared to 327 yuan per share, a record that has not been broken yet.

After listing, Storm expanded its business to film and television, television, shows, VR, games and other fields, but as most of the development of various links in the ecology was not as expected and expanded blindly and unrestrained, the company began to lose money due to serious problems in 2018, and the company's net loss reached 1.09 billion yuan in 2018. In the end, delisting ended on November 9, 2020.

Since 2019, Storm has been severely hit by the arrest of Feng Xin, the actual controller of the company, the resignation of all senior executives, the filing of the case by the Securities Regulatory Commission for alleged violations, and the delisting of the company's financial statements without disclosing financial reports in accordance with the regulations of the Shenzhen Stock Exchange.

At present, Storm Group Co., Ltd. has a number of unfaithful executors, consumption restriction orders and final capital case information, with a total outstanding amount of more than 868 million yuan.

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