Recently, the New Year's Eve celebration of television stations in China has created hot topics, because each event gathers a cast of famous stars.
A series of fans-filled actors such as Tieu Chien, Bach Loc, Truong Lang Hach, Luu Vu Ninh, Dan Kien Thu, Vuong Hac De participated in New Year's Eve parties on television and brought diverse performances.
But then, the topic related to the keyword "not seeing Uncle Vuong Nhat on stage on New Year's Eve" suddenly spread, attracting a lot of attention and discussion.
According to Chinese media, the contract between Wang Yibo and Yuehua Entertainment management company will expire in October 2026, so the change in the cooperative relationship between the two sides is receiving great attention.
As a pillar artist of Nhac Hoa, Vuong Nhat Bac's commercial value as well as the level of contribution to the company's revenue are always of particular interest to the market.
Looking back at the process of Nhac Hoa listing on the Hong Kong stock market (China) in 2022, in the 4-45-page prospectus, the name Vuong Nhat Bac was mentioned 18 times, causing this company to be labeled as "Vang Nhat Bac concept stock".
Notably, in the 2024 annual report and the previous mid-term report that Nhac Hoa announced, the name Vuong Nhat Bac appeared many times. But in the mid-term report for 2025, he was no longer mentioned.
Vuong Nhat Bac's absence from year-end events and New Year's Eve festivals on television continues to spark rumors that the male actor is preparing to leave the company.
In fact, this rumor has spread for many months due to Vuong Nhat Bac's erratic work schedule. Since the movie "Nhan Ngu" wrapped in July 2024, the actor has not received any new projects to date.
In the Chinese market, the fact that a famous star does not join the film crew for 1-2 years often makes viewers doubt the contract situation with the management company. In many cases, when the contract term is about to expire, the company has put pressure on artists by "freezing operations".
Concerns about Vuong Nhat Bac's contract have directly affected the stock price of Nhac Hoa company. In the second half of 2025, Nhac Hoa shares decreased by more than 20%, and the closing price in 2025 was HKD 2.46/share.
According to public data, Nhac Hoa is a famous artist management company in mainland China, with business segments spanning from artist management, artist training, music production and distribution, virtual artist commercial development, licensing entertainment programs and selling derivatives related to artists.
Current affiliated artists of Nhac Hoa include Vuong Nhat Bac, Manh My Ky, Ngo Tuyen Nghi... However, Vuong Nhat Bac has long contributed more than 60% of Nhac Hoa's total revenue. Therefore, whether the male actor extends his contract with the company or not becomes an important issue.
Meanwhile, most fans supported Vuong Nhat Bac leaving Nhac Hoa, because they believed that the company did not guarantee enough rights and did not pay due attention to the male actor, even though he was a key artist.
