According to the Hainan Development Announcement, due to external market influence, its holding subsidiary Haikong Sanxin continued to lose money and become insolvent. In 2025, the company's board of directors and shareholders' meeting successively passed proposals to apply for bankruptcy and liquidation of Haikong Sanxin as creditors or debtors. On December 1, the application was filed by the People's Court of Longzihu District of Bengbu City. Recently, the court ruled that it was accepted. Currently, Haikong Sanxin has entered bankruptcy and liquidation procedures. The final liquidation plan and specific impact on the company are still uncertain. The company will handle and disclose the progress according to regulations.

According to the Hainan Development Announcement, due to external market influence, its holding subsidiary Haikong Sanxin continued to lose money and become insolvent. In 2025, the company's board of directors and shareholders' meeting successively passed proposals to apply for bankruptcy and liquidation of Haikong Sanxin as creditors or debtors. On December 1, the application was filed by the People's Court of Longzihu District of Bengbu City. Recently, the court ruled that it was accepted. Currently, Haikong Sanxin has entered bankruptcy and liquidation procedures. The final liquidation plan and specific impact on the company are still uncertain. The company will handle and disclose the progress according to regulations.