This document discusses managing a crisis regarding a rumor that an annual spring festival has been cancelled. It provides information about past festival attendance and the potential effects of the crisis, including loss of prestige, decreased participation, loss of sponsor confidence, and risk to the next year's festival. It then offers recommendations for emergency actions, using press and social media to provide accurate information to the public, assessing what mistakes were made, and adjusting plans going forward to resolve the crisis and prevent future issues.