According to the China Enforcement Information Disclosure Network, Smartisan Technology (Chengdu) Co., Ltd. recently refused to perform its obligations determined by effective legal documents because it had the ability to perform. It was listed as a dishonest person subject to enforcement (Lao Lai), involving a loan contract dispute case related to Suzhou Zihuisheng Venture Capital Enterprise (Limited Partnership). The performance status of the person subject to enforcement was all unfulfilled, and the enforcement court was the People's Court of Haidian District, Beijing. Previously, the company had been fined for more than 21.42 million yuan due to the above-mentioned cases and was restricted from high consumption.

On September 18, Smartisan insiders responded that the relevant information was actually old news. Combined with Luo Yonghao’s previous public statement: Smartisan Technology borrowed money from Zihui Ventures twice, totaling 15 million yuan, but the amount was a company debt, not his personal debt.
According to insiders, Luo Yonghao himself has made it clear that he is willing to repay the debt to Zihui Venture Capital in his own name for the company. However, given that Zheng Gang, the head of Zihui Venture Capital, has continued to slander and attack him in the past two years, he decided to put Zihui Venture Capital’s debt settlement last.
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