Why is Vicky Zhao taking on more jobs now?

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Vicky Zhao is taking on more jobs to raise funds to pay off compensation from lawsuits.

Vicky Zhao is actively seeking employment opportunities to generate the necessary funds to settle compensation claims stemming from legal disputes. These legal issues originated from a failed attempt to acquire a significant stake in a listed company, which led to regulatory actions and subsequent shareholder lawsuits. The actress is facing substantial financial obligations if her appeals in these cases are unsuccessful.
Failed Acquisition Attempt Led to Legal Troubles

In 2016, Zhao and her husband, Huang You Long, attempted to purchase 50% of Zhejiang Wanjia through their company, Tibet Longwei. This move was reported to have disrupted the market. Consequently, in November 2018, the China Securities Regulatory Commission imposed a five-year ban on Zhao and her husband from participating in securities markets.
Shareholder Lawsuits and Potential Compensation Obligations

The situation escalated in 2019 when shareholders filed lawsuits against Zhao and Huang You Long, alleging they made false statements. As of the latest reports, Zhao has been involved in over 500 such lawsuits. These cases are currently at the appeal stage, and if she loses, she could be liable to pay approximately 84 million yuan (RM51 million) in compensation.
Shift in Professional Approach Amidst Financial Strain

Previously known for being selective about her roles, Zhao has reportedly adopted a more amenable attitude towards assignments, even those considered less significant. This change in approach is driven by her need to accumulate funds to meet her potential compensation liabilities. She has recently taken on a role in Zhejiang Television's variety show, Everybody Standby.

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Why is Vicky Zhao taking on more jobs now?

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