Wang Sicong officially became an old Lai and has been restricted by the court from high consumption
On November 9, the reporter learned from China executive information disclosure network that Wang Sicong had been issued a consumption restriction order by the people's Court of Jiading District, Shanghai. The above consumption restriction order shows that on August 12, 2019, the court filed the case of execution applicant Cao Yue's application for execution of other contract disputes of Shanghai Panda mutual Entertainment Culture Co., Ltd. because panda mutual entertainment failed to perform the payment obligations determined in the effective legal documents within the period specified in the execution notice, it was taken to restrict consumption and restrict its legal representative, main responsible person Wang Sicong, the person directly responsible for affecting the performance of the debt and the actual controller, shall not carry out high consumption and consumption behaviors that are not necessary for life and work.
It is understood that the above high consumption behaviors include:
（1） When taking the means of transportation, choose the second-class or above class of aircraft, train soft sleeper and ship;
（2） High consumption in star hotels, hotels, nightclubs, golf courses and other places;
（3） Purchase real estate or build, expand or decorate high-grade houses;
（4） Rent high-grade office buildings, hotels, apartments and other places for office;
（5） Purchase vehicles not necessary for operation;
（6） Travel and vacation;
（7） Children attend high fee private schools;
（8） Pay high premiums to buy insurance and financial products;
（9） Other consumption behaviors not necessary for life and work, such as taking all seats of g-prefix EMU trains and more than first-class seats of other EMU trains.