Glonghui August 3rd 丨Shenwu Retreat (300156.SZ) announced that up to now, the company's key projects such as the Shengwo Project, the Hong Kong Yuan Project, and the Wuhai Project have all been suspended due to the impact of the company's tight capital and the project party's financing progress that has not met expectations.

Affected by the shutdown of the above projects, there was a shortage of monetary capital, overdue debts, and the freezing of some bank accounts, etc., which caused a sharp decline in the company's performance and serious losses, which had a great impact on the company's production and operation.