In fact, the reasons for the failure of Nanjing Zhongbei Company are still under investigation, but a series of announcements have been issued, such as the announcement of the board of directors on the rectification of the company's capital occupation, the announcement of the correction of major accounting errors, and the announcement of the resolutions of the board of directors.
Zhongbei Group is a comprehensive group enterprise focusing on public utilities passenger transport and one of the largest enterprises in urban passenger transport industry in Jiangsu Province. The group takes "dedication to Excellence" as its enterprise spirit, "the expectation of the public and the pursuit of North China" as its quality policy, and "creating value for shareholders, customers, society and employees" as its fundamental purpose.