Cui Yongyuan publicly attacked the film 'Cell Phone' and Feng Xiaogang, prompting the State Taxation Administration to launch an investigation, causing Huayi Brothers' stock price to plummet and shelving the 'Cell Phone 2' project.
Huayi Brothers acquired Dongyang Meila, a company held by Feng Xiaogang, with an attached five-year high net profit valuation adjustment mechanism (VAM) agreement.