According to the Zhitong Finance App, Jinchen Co., Ltd. (603396.SH) issued an announcement. Since the company's shareholding company, Suzhou Chenjin Intelligent Technology Co., Ltd. (“Chenjin Intelligence”), is no longer able to settle its debts and its assets are insufficient to settle all debts, it is now planning to apply to the People's Court for bankruptcy and liquidation. The bankruptcy liquidation has yet to be reviewed by the Chenjin Smart Shareholders' Meeting and formally accepted and decided by the court. There is still uncertainty about the matter.