Will the bankruptcy of Xiangsheng Group affect Zoucheng Xiangsheng?

The bankruptcy of Xiangsheng Group will not affect Zoucheng Xiangsheng.

Zoucheng Xiangsheng is a subsidiary of Xiangsheng Group, but it is an independent legal person with its own management system and financial situation. The bankruptcy of Xiangsheng Group will not directly affect the business and operation of Zoucheng Xiangsheng. At the same time, Zoucheng Xiangsheng has achieved diversified development in the past few years and no longer relies on the support of Xiangsheng Group, so even if Xiangsheng Group goes bankrupt, Zoucheng Xiangsheng can operate independently.

Although the bankruptcy of Xiangsheng Group will not directly affect Zoucheng Xiangsheng, in the increasingly fierce market competition, Zoucheng Xiangsheng still needs to maintain its competitiveness and development momentum.