Lawsuit Exposed! Bona Pictures Yu Dong Pursued by Wynn Macau for HKD 4.73 Million; Lawyer Claims Debt Already Settled

Daily Economic News Reporter: Huang Wanyin, Li Xukui    Daily Economic News Editor: Huang Sheng

Recently, there have been reports that Bona Film Group Chairman Yu Dong was accused by Macau Wynn Casino of owing over 4.73 million Hong Kong dollars in unpaid debts. In response, Bona Film Group stated in a media interview that they have noted the relevant information and are currently investigating.

On March 10, a lawsuit obtained by the Daily Economic News from the Hong Kong High Court shows that on March 3, Wynn Resorts (Macau) Limited (hereinafter referred to as Wynn Macau) indeed filed a lawsuit against Yu Dong, director of Bona Film Entertainment Limited (hereinafter referred to as Bona Film Entertainment).

Image source: Photo by Li Xukui, Daily Economic News

The lawsuit states: “The defendant (Yu Dong) is a professional film producer and serves as director of several Hong Kong companies, including but not limited to Bona Film Entertainment.”

A search of the Hong Kong Companies Registry shows that the shareholder of Bona Film Entertainment Limited is BONA FILM INVESTMENT COMPANY (PACIFIC RIM, USA). In Bona Film Group’s annual report (001330.SZ), BONA FILM INVESTMENT COMPANY (PACIFIC RIM, USA) is listed as its subsidiary.

Therefore, the Yu Dong sued by Wynn Macau is the chairman of Bona Film Group, Yu Dong.

Wynn Macau also stated in the lawsuit that during the relevant period of this litigation, Yu Dong was a client who owned and operated a casino.

Regarding this matter, the Daily Economic News learned from Yu Dong’s personal lawyer that after verification with Wynn Macau, the involved debts have been fully repaid, and the legal proceedings have been terminated. Yu Dong’s personal lawyer stated: “The debt arose from Yu Dong providing credit guarantees for a third party.”

Owed 4.73 million HKD, repaid 1 million HKD in February this year

The lawsuit obtained by the Daily Economic News shows that around May 1, 2024, Yu Dong was granted a credit line of 10 million Hong Kong dollars by Wynn Macau, and signed two withdrawal confirmation letters totaling 10 million HKD. Yu Dong subsequently repaid part of the amount.

Around January 28, 2026, Wynn Macau, according to the credit agreement, filled in the amount and other details on a blank check previously signed by Yu Dong as a guarantee, attempting to withdraw approximately 5.73 million HKD remaining balance, but the bank refused payment citing “consulting the drawer.”

Wynn Macau indicated that after the check was dishonored, Yu Dong repaid another 1 million HKD around February 1, 2026, so the remaining principal owed is approximately 4.73 million HKD.

According to the lawsuit, the credit agreement between the parties stipulated that prepayments must be paid within 14 days after withdrawal, and unpaid amounts accrue interest at an annual rate of 18% until fully paid. The defendant, Yu Dong, is also responsible for all collection costs, including legal and court fees.

Wynn Macau emphasized that this loan was legally issued under the laws of the Macau Special Administrative Region and can be enforced and recovered through legal procedures. The plaintiff requested the court to order the recovery of approximately 4.73 million HKD in debt, along with related interest and legal costs.

Nearly 50 affiliated companies under his name, with shares frozen in many companies

Bona Film Group’s official website shows that Yu Dong is the founder, chairman, and general manager of Bona Film Group Co., Ltd. His notable works as producer and executive producer include “The Battle at Lake Changjin,” “Operation Red Sea,” “Chinese Captain,” “The Wolf Warrior,” “Mekong,” and “Macau Storm.”

As of the close on March 10, Bona Film Group’s stock price was 7.68 yuan per share, down 2.78%.

Tianyancha’s employment information indicates that Yu Dong is associated with nearly 50 companies, including Bona Film Group Co., Ltd., Zhejiang Shengtian Cultural Media Co., Ltd., Beijing Baichuan Film Distribution Co., Ltd., and Shanghai Tingdong Film Industry Co., Ltd., covering fields such as film production, distribution, and investment management. Yu Dong holds positions such as chairman, general manager, and executive director in these companies. Tianyancha’s risk information shows that the equity holdings in many of these companies have been frozen.

According to Bona Film Group’s announcement, it expects a net loss of 1.261 to 1.477 billion yuan in 2025. The loss is attributed to a decline in total box office revenue of the films produced during the reporting period compared to the previous year, with some films suffering significant losses. The number of films and TV series released in 2025 is insufficient, with many still in production stages and not yet generating direct economic benefits. The company plans to promote high-quality content production for films and TV series. Additionally, the company has made provisions for potential asset impairment losses on relevant assets.

In May last year, Bona Film Group disclosed that Chairman Yu Dong and Vice President Qi Zhi had illegally occupied non-operating funds of the company and failed to disclose the use of these funds as required.

The announcement also revealed that in 2023, Bona Film Group and its subsidiaries provided approximately 260 million yuan to Yu Dong and his related parties through third parties in the form of trust fund payments, constituting non-operating funds occupation by the controlling shareholder. As of the end of December 2024, these funds had been repaid. Bona Film Group did not disclose non-operating fund transactions with its controlling shareholder as required.