On June 24th, 2020, 65438+February 24th, Zhengzhou Hengtianqiao Steel Structure Co., Ltd. (hereinafter referred to as Hengtianqiao Company) applied to the People's Court of Zhengzhou High-tech Industrial Development Zone for bankruptcy liquidation because it was unable to repay the debts due and its assets were insufficient to make up all the debts. In July 2002113, the court declared Hengtianqiao Company bankrupt according to legal procedures.