Is Lianhua Technology going out of business?

No, according to official website information of Lianhua Technology, all enterprises in the park stopped production because of HSBC's illegal arrangement, and Lianhua was implicated in temporarily stopping production, not shutting down. Lianhua Technology Co., Ltd. is a joint-stock company established by Zhejiang Lianhua Group Co., Ltd. and a leading provider of chemical and technical solutions.