Reasons for the merger and acquisition of listed companies in Shunde

The reason for the difficulty in operation. According to relevant public information, listed companies in Shunde suffered from poor management and sustained losses, so they were merged. Shunde District is one of the five administrative districts in Foshan City, Guangdong Province. Located in the south of Guangdong Province, in the middle of the Pearl River Delta Plain, in the southwest of Guangfo City, and in the south of Guangfozhao Economic Circle, it is one of the important core areas connecting Foshan and Guangzhou. Shunde borders Guangzhou, Zhongshan and Jiangmen, and borders Hong Kong and Macao in the south. It covers an area of 806 square kilometers, governs 4 streets, 6 towns and 205 villages (communities), and has a permanent population of 3,229,900 (in 2020), including registered population of14526, and more than 500,000 overseas villagers.