Has Hangzhou Waihai Group gone bankrupt?

Bankrupt. According to the people's court's bulletin board, the people's court thinks that the offshore group company can't pay off its debts due, and its assets are not enough to pay off all its debts. After accepting a bankruptcy case, if it does not apply for reorganization or reconciliation, it shall be declared bankrupt according to law. In accordance with Article 107 of the Enterprise Bankruptcy Law of the People's Republic of China, our court ruled that Hangzhou Waihai Group Co., Ltd. went bankrupt on February 28, 2022.