Edison Chen hopes to pay off his father's debts but fails to leave

In recent days, the "Sex Photo Scandal" has caused Edison Chen's image to plummet, leading to his decision to exit Hong Kong's entertainment industry, with rumors that he may shift his focus to Hollywood. However, yesterday, a Hong Kong media outlet pointed out that it won't be easy for Edison Chen to leave the entertainment circle because he needs to work hard to earn money in order to repay the millions of debt owed by his father, Simon Chan.

Originally the chairman of listed company Jet Li International, Simon Chan faced the "penny stock delisting storm" in 2002, losing over hundreds of millions of Hong Kong dollars in assets. He urgently sold two units at the Wan Chai Hop View building to cash out and address immediate financial needs. While Simon Chan was cleaning up the mess, he also focused on managing his talent agency in Beijing, which represented artists such as Huang Xiaoming and "the copycat Zhang Baiji," Yan Qing.

Simon Chan arranged for Yan Qing to meet with Lam Kin-yip from East Asia Entertainment and Ms. Xiang from China Star, hoping to sell both Yan Qing and her contract. Rumors suggest that Simon Chan accepting gifts from both companies angered them, ultimately resulting in Yan Qing joining China Star, while East Asia Entertainment sued Simon Chan for breach of contract, demanding compensation. To save his father, Edison Chen personally pleaded with boss Lam Kin-yip, willingly taking responsibility for his father's debts amounting to several hundred thousand dollars in contract-selling fees, thus avoiding a court battle.