Reasons for the bankruptcy of Guangzhou Fenghe Cinema

The reasons for the bankruptcy of Guangzhou Fenghe Cinema include:

1. The civil case between Zhengzhou Lunuo Information Technology Co., Ltd. and Guangzhou Fenghe Cinema Co., Ltd. regarding the dispute over infringement of the right to disseminate work information online .

2. Civil cases concerning contract disputes between Zhongjin International Leasing Co., Ltd. and Guangzhou Fenghe Cultural Communication Co., Ltd., Xiantao Fenghe Cinema Co., Ltd., Sichuan Fenghe Cinema Co., Ltd., etc.

3. Property disputes within the company.

4. Issues with the company’s operating model.