Why did Saite New Energy Technology Co., Ltd. go bankrupt?

Saite New Energy Technology Co., Ltd. went bankrupt because it could not pay off its due debts. 202 1 1 The People's Court of Gao 'an City, Jiangxi Province ruled that the bankruptcy liquidation case of Jiangxi Saite New Energy Technology Co., Ltd. was accepted on the basis of the application of the applicant Jiangxi Gaoan Rural Commercial Bank Co., Ltd., and appointed Jiangxi Yi Sheng Law Firm as the administrator of Jiangxi Saite New Energy Technology Co., Ltd. in accordance with the provisions of Article 13 and Article 22, paragraph 1, of the Articles of Association.