1, Asset Restructuring: Tongxing Technology announced many times before the suspension, saying that the company was planning non-public offering of shares and major asset restructuring matters, which required further verification and research, so it applied for suspension.
2. Equity transfer: Tongxing Technology had planned to transfer part of its equity to Zhejiang Zhongcheng Holding Group Co., Ltd. and other investors, which required further verification and study, so it applied for suspension.