1. First of all, Zhongyixin involved in some illegal business activities in its business process, which made the government investigate and crack down on the company and had a negative impact on its development.
Secondly, there is something wrong with the company's financial situation. Zhongyixin has problems such as broken capital chain, false propaganda and financial fraud. These financial problems are gradually discovered by the market, and investors' trust in the company is reduced, and the withdrawal of funds is accelerated, which leads to the inability to go public.