At present, the company's board of directors and management are trying hard to solve the company's current operational difficulties. However, due to the related party's debt, the company's financial problems can not be resolved, the company's operations have not been fully improved, and there is the possibility of sustained losses in the second half of the year. If the company's net assets for the full year of 2018 are negative after the audit, the company has the risk of the stock being suspended.
Although Lerong Zhixin has signed the Capital Increase Agreement with the relevant capital increaser, due to the failure of LeTV Holdings to hold the new equity auction process of Lerong, it cannot be promoted on time, and Lerong Zhixin is unable to complete the registration of industrial and commercial transactions due to the transaction procedures. There is a significant uncertainty in the satisfaction of the delivery schedule of the relevant capital increasers.