Due to tight liquidity. Dandong Chemical Fiber Co., Ltd. (hereinafter referred to as Dandong Chemical Fiber) was listed on the Shenzhen Stock Exchange on June 9, 1997. It is the first listed company in Dandong. Dandong Chemical Fiber is one of the earliest chemical fiber manufacturers in China. Dandong Chemical Fiber was founded in the Japanese and Puppet Period 1939, and resumed its factory in 1957 after liberation. It is no exaggeration to say that Dandong Chemical Fiber used to be China. After decades of development, Dandong Chemical Fiber has gradually developed from a small factory producing only 3,200 tons/year viscose staple fiber to one of the large backbone enterprises in the domestic viscose industry. As the first chemical fiber manufacturer in China, Danxian has built several chemical fiber factories in Tangshan, Jilin, Yinchuan and Hainan, with strong technical force. In the new century, due to various reasons, the operating conditions of Dandong Chemical Fiber have been deteriorating, and Dandong Chemical Fiber suffered losses for three consecutive years from 2005 to 2007. On August 23rd and September 8th, 2006, Dalian Commercial Bank signed a loan contract with Dandong Chemical Fiber with a total loan of 6,543.8 billion yuan. Due to the deterioration of the financial situation of Dandong Chemical Fiber, Dalian Commercial Bank demanded that the contract signed with Dandong Chemical Fiber be terminated immediately. Previously, due to cash flow difficulties, many banks have taken legal measures against Dandong Chemical Fiber. Due to the shortage of liquidity, Dandong chemical fiber production has been in a state of suspension or semi-suspension.