Is Hengwei Technology going out of business?

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20 19, Hengwei Technology Co., Ltd. plans to cancel Suzhou Hengwei Software Technology Co., Ltd., a wholly-owned subsidiary. Suzhou Hengwei is actually no longer engaged in business. The cancellation of Suzhou Hengwei is conducive to further standardizing enterprise management, optimizing resource allocation and reducing management costs, and will not adversely affect the company's overall business development and profitability. So it has no impact on the main company.

Anhui Hengwei Information Technology Co., Ltd. (hereinafter referred to as Hengwei Technology) is an innovative software enterprise. The company is located in Hefei High-tech Zone Software Park, mainly providing comprehensive solutions for high-speed rail, environmental protection, insurance and other industries.