Vuong Nhat Bac has long contributed more than 60% of Nhac Hoa's total revenue, his name is mentioned 18 times in the company's 455-page financial reports.
Since Nhac Hoa shares were listed on the Hong Kong Stock Exchange (China) in 2022, the market has called Nhac Hoa "the idea stock of Vuong Nhat Bac".
However, Nhac Hoa's mid-2025 report recently did not mention Vuong Nhat Bat anymore, raising speculation about the actor about to leave the company.
Nhac Hoa stock price in October 2025 decreased by 12.69%, and the total decrease in the second half of the year exceeded 28%. This may be due to the phenomenon of selling off stocks because investors are worried that the company will lose its main artist.
In addition, fans discovered that the name of Nhac Hoa Company no longer appeared in the score of the documentary "Exploring a new Land" by Vuong Nhat Bac.
In 2025, besides the news of playing the main role in the film "Nhan Ngu", Vuong Nhat Bac will not accept any other film projects. He only broadcasts his own sports documentaries, in addition to participating in racing activities and some related events.
In March, rumors of Vuong Nhat Bac leaving the company began to spread, but Nhac Hoa denied it. Up to now, when the rumors once again exploded, CEO Do Hoa continued to secretly deny it. However, Nhac Hoa's stock price is still decreasing.
According to data on the Qichacha application, Vuong Nhat Bac is currently involved in 4 companies, of which 3 companies are operating normally. Shanghai Ong Bo Cultural Communication Studio is a private enterprise with 100% ownership by Vuong Nhat Ong.
Another company in Tianjin in which Wang Yibo holds a 70% stake has submitted an application to register many brands including "Wang Yibo", "Yibo". The international business registration categories include cosmetics, musical instruments, jewelry and watches...
The media commented that Vuong Nhat Bac seems to have prepared to end his contract with Nhac Hoa in 2026, after 10 years of association.
The rift in Vuong Nhat Bac's relationship with Nhac Hoa comes from many factors. The company benefits from a top "stream star", but cannot guarantee the basic conditions for artists.
The incident of the actor's cable car unlocking during the New Year's Eve performance earlier this year has really angered the fan community. The company does not prioritize pursuing responsibility, but uses other news to distract people.
In addition, in recent years, Vuong Nhat Bac's "independence" strategy has become increasingly clear, from signing contracts with global brands to building a private company system.
Currently, many top stars in China are switching to personal studio models, not relying on an entertainment company. When their brand value is big enough, not wanting to share half of the profit with the company is predictable.
According to the results of an unofficial survey, more than 90% of fans support Vuong Nhat Bac not to renew his contract.
The company may use old tricks such as frozen operations to put pressure on artists. But fans still use their own purchasing power to prove that they always support their idol, no matter how he makes the decision.
