Core Viewpoint - The asset freeze involving investor Wu Shichun is related to a shareholding dispute of a portfolio company, specifically Beijing Jidiao Network Co., Ltd. (referred to as "Tingyun Company") [1][4][6] Group 1: Asset Freeze Details - Wu Shichun's assets worth approximately 21.26 million yuan (around 2 billion) have been frozen as a pre-litigation preservation measure, not as a legal execution action, thus posing no risk to his ownership of assets [1][6] - The freezing of assets is linked to an arbitration case regarding share repurchase obligations initiated by investors in Tingyun Company [4][6] Group 2: Share Repurchase Obligations - According to the investment agreement, Tingyun Company is required to repurchase shares through a capital reduction, and it currently has sufficient cash to cover the repurchase amount [2][4] - The internal process for capital reduction at Tingyun Company has not yet been formalized through a shareholders' meeting resolution, leading investors to seek accountability from key shareholders, including Wu Shichun [2][4] Group 3: Legal Proceedings - The arbitration case concerning the shareholding dispute is currently in the stage of collecting defense opinions from all parties and has not yet reached a formal arbitration decision [6] - Investors' lawyers have utilized legal loopholes to implement pre-litigation preservation against Wu Shichun, aiming to pressure him into complying with unreasonable financial demands [6]