A song from Chengdu revived a closed-down pub.

Honda Yuji reached out and tapped on one of the documents: "First, release some news about the investment fund's troubles. Don't directly say that Tengfei Group is insolvent, and don't release all the information at the beginning. Let a few financial media outlets report that Tengfei Group's funds are suspected of illegally transferring funds, that the accounts were frozen by regulatory authorities, and that some funds flowed overseas. The headlines should be eye-catching, such as, 'Tengfei Group's 10 Billion Yuan Investment Project Explodes, Large Amounts of Funds Go Abnormal,' or 'The Ye Family is Deeply Involved in a Repayment Crisis, and Many Investors Are Coming to the Door to Demand Debts.'"

Masaki Sano hesitated, "That fund isn't directly controlled by the Tengfei Group. Won't they find a loophole in our claim that it's a fund under the Tengfei Group?"

Honda Yuji didn't take it seriously: "That's why we let independent media publish it. They don't need to be responsible for every word. They just need to put the words 'Tengfei Group' and 'fund transfer' in the same headline. As for the relationship between the fund and Tengfei, and how much responsibility they bear, let netizens guess. Most people will only look at the headline. Once Tengfei comes out to clarify that the fund is not directly controlled by the group, we will release a second batch of information. We will extract the key parts of those agreements with Tengfei guarantees and post them online, highlighting the group's seal, repurchase clauses, and those high compensations. In this way, Tengfei's first clarification will become a cover-up."

Masaki Sano laughed: "The more they explain, the more netizens feel that they are shirking responsibility."

"That's right. When it comes to public opinion, the worst thing you can do is play all your cards at once. Just when they think things are about to calm down, we release something new. We release a batch of notices about the frozen fund accounts, another batch of overseas fund flows, and another batch of videos of investors coming to collect debts. Finally, we release the betting agreement and guarantee documents. Only by releasing them layer by layer can we make the outside world feel that Tengfei has been hiding the truth all along."

Masaki Sano nodded: "I will arrange for people to keep watch near the Tengfei Group. As soon as those investors come again, we will take pictures of them."

Yuji Honda advised, "Don't just film people; it's best to film the two sides arguing."

"What if there's no argument?"

"Then let someone ask a few pointed questions, such as whether Tengfei is refusing to pay, whether the Ye family is planning to default on their debts, and whether their money has been transferred overseas. When people are emotional, they will always say some outrageous things. Just cut out those words and that will be enough."

Masaki Sano immediately understood: "Then, have several different accounts post the photos from different angles, so that it looks like someone at the scene took the photos by chance."

Yuji Honda said, "That's not enough. Although Tengfei Group has a strong presence in the entertainment industry, what truly supports its size is the cultural tourism sector, including scenic spots, resorts, hotels, cultural tourism towns, and projects developed in cooperation with various regions. These are the foundation of Tengfei Group. If we're going to take action, we should start with its foundation."

Sano Masaki seemed thoughtful: "You mean, make a fuss about their cultural and tourism projects?"

"That's right. Most cultural tourism projects are asset-heavy, requiring large upfront investments, long construction periods, and slow capital recovery. If any link in the chain goes wrong, it will be difficult to continue funding. Check which projects Tengfei is currently constructing, which are waiting for further financing, and which scenic spots and resorts are preparing to open soon. Especially those projects that have already invested a lot of money but have not yet generated stable returns. Then release the news that Tengfei Group is experiencing a cash crunch and that several cultural tourism projects under construction are at risk of halting construction. Find a few people to anonymously leak information that Tengfei is in arrears on construction payments and supplier payments. If you can find a few projects that have already been temporarily halted due to construction progress, that would be even better. Take a few photos of the site without workers or machinery, and add headlines like 'Project abandoned, investors lost everything.' It won't be long before someone will spread the word for us."

Masaki Sano said, "But there's no evidence for these reports. As long as Tengfei Group announces the project's progress, it will be easy to clarify."

"We never expected that everyone would believe that rumors don't need to be entirely true to be believable; just a part of the truth is enough. If a project was only temporarily suspended for three days, we would say that its funding chain had broken down and it had come to a complete standstill. If a contractor came to settle payment for the project, we would say that a large number of construction companies were collectively demanding payment. We would then put the news of the fund's problems together with these projects. By then, even if Tengfei came out to explain, the outside world would only think that they were covering up the problem with the funding chain."

Masaki Sano gradually understood Yuji Honda's plan.

Tengfei Group's cultural tourism projects are located in multiple regions.

If even one or two projects show abnormalities, and these are then deliberately pieced together and amplified, it's enough to make outsiders doubt the entire cultural tourism sector.

Yuji Honda continued, "The tourism industry is different from ordinary industries. If a manufacturing company has a problem, ordinary people may not feel anything. But if a scenic spot or a resort hotel is rumored to have a broken cash flow, the first to be affected are the tourists. People spread rumors online that scenic spots under Tengfei may suddenly close, and that annual passes, packages, and vacation packages that have already been purchased may be unusable. They also find a few accounts to claim that their refund requests have not been processed. As soon as people start to request refunds, more people will follow suit. When travel platforms see an increase in complaints, they will lower their recommendations and even temporarily withhold unsettled ticket payments. Travel agencies will also reduce related tours. At that time, once the booking volume of hotels and scenic spots drops, Tengfei's cash flow, which was originally able to be maintained, will deteriorate further."

Masaki Sano laughed and said, "It's not about making everyone believe that there are problems with Tengfei's projects, but about making tourists hesitant to entrust their money to Tengfei when making a choice."

Honda Yuji nodded: "Yes, cultural tourism projects rely most on confidence. If tourists don't come, merchants will wait and see. If merchants wait and see, the popularity and revenue of the scenic spot will decline. Once revenue declines, partners who were originally willing to continue investing will reconsider. At that time, no matter how Tengfei clarifies, others will think that they are just putting on a brave face."

After a moment's thought, Masaki Sano asked, "Should we contact the bank and those local partners?"