1. The "Reorganization Plan of Huge Automobile Trade Group Co., Ltd." issued by Tangshan Huge Automobile Trade official website shows that due to various unfavorable factors such as the continuous market downturn and the deterioration of financing environment, Huge Group suffered huge losses in 20 18. Due to serious shortage of funds and inability to realize assets, it is likely to lose its solvency obviously. On May 3, 20 19, Jidong Dongfeng Company applied to Tangshan Intermediate People's Court for reorganization of the huge group, and completed bankruptcy reorganization in February of that year.