How did Henan Rainbow Light Printing Co., Ltd. close down?

Henan Rainbow Light Printing Co., Ltd. closed down due to lack of funds. Henan Rainbow Light web-to-print Co., Ltd. (hereinafter referred to as Rainbow Light) issued the Announcement on Soliciting Solutions to Major Difficulties Faced by the Company at the Present Stage (hereinafter referred to as Solicitation Announcement), which stated: In order to protect your rights and interests to the greatest extent, we are now collecting solutions to the problem of capital shortage faced by the company. We hope that major institutional shareholders, creditors and individual shareholders will actively help the company and take active measures in the later investment management of the company. In the solicitation announcement, Rainbow Light made it clear that the main problems facing the company at present are: the company's funds are exhausted, and it is difficult to raise new funds from the market because of the serious historical debt problem of the company, litigation, and being included in the execution of dishonesty. Due to the shortage of funds, the current work progress has been hindered.