On August 30, 2021, Jiaxing Lianzhong Industrial Investment Co., Ltd. (hereinafter referred to as "Lianzhong Company") and Zhejiang Zhou Meihua Cultural Tourism Co., Ltd. (hereinafter referred to as "Lv Wen Company") broke their capital chain. On the grounds that it was unable to pay off its due debts, it applied to the Nanhu District People's Court of Jiaxing City for pre-merger reorganization. On September 2, 2021, the People's Court of Nanhu District, Jiaxing City issued (2021) Zhejiang 0402 Po Shen No. 27 decision, deciding to accept the pre-reorganization application for the merger of Lianzhong Company and Luwen Company, and designated Zhejiang Jiacheng Zhongtian on September 1 The law firm serves as the interim administrator for the merger and pre-reorganization.