In 2021, a technology enterprise founded by several like-minded entrepreneurs was at a critical stage of transitioning from the "survival period" to the "growth period". The company's products had completed R&D verification, the first batch of orders were successfully delivered, and the team morale was high — yet the founding team vaguely felt that a deeper hidden danger was quietly emerging.

In 2020, an auto parts manufacturing enterprise focusing on precision processing of new energy vehicle battery casings was at a critical juncture of capital operation. A strategic investor specializing in auto industry chain investment, after multiple rounds of due diligence and negotiations, finally decided to inject 120 million yuan into the enterprise and signed a formal investment agreement.

Affected by the continuous downward pressure on the economy, a certain garment company has fallen into an unprecedented operational predicament. The total amount of various debts including arrears to suppliers and bank loans has reached more than 30 million yuan, leading to a complete rupture of the capital chain.

In 2020, three entrepreneurs with dreams of technology stood at a crossroads in their lives. They were ready to launch their entrepreneurial journey with a self-developed artificial intelligence algorithm – a thrilling start that nonetheless fell into a two-month deadlock over equity distribution.

An electronic component manufacturing enterprise is experiencing the most severe survival crisis since its establishment. The chip packaging technology independently developed by the enterprise over many years has been maliciously counterfeited by competitors – counterfeit products have frantically seized the market with low-price strategies, leading to a sharp 40% drop in the enterprise's order volume in a short period of time.

A small and medium-sized machinery manufacturing enterprise experienced a profound and unforgettable failure. When participating in a government procurement project with a value of up to 12 million RMB, the enterprise was deemed "ineligible" during the qualification review stage due to incomplete compliance documents.

On the afternoon of November 22, 2019, Luheng Law Firm was invited by the Hengyang State-owned Assets Supervision and Administration Commission (SASAC) to attend the promotion meeting on the "Revision of Articles of Association of Municipal-owned Enterprises" organized by it. Ni Xiaoqiao, Member of the Party Committee and Deputy Director of Hengyang SASAC, all staff of the Development and Reform Section, as well as the leading persons in charge of the revision of the articles of association and the specific staff of 13 municipal-owned enterprises in Hengyang attended the meeting.

Luheng Law Firm, at the invitation of Hunan Hingxiang Investment Holding Group, its perennial legal advisory unit, held an annual special training session on "Risks and Prevention of State-owned Investment and Operation Platforms" on the morning of November 20, 2019 for the risk control and legal personnel as well as external legal advisors of Hunan Hingxiang Investment Holding Group and all its subordinate companies.

At 10:00 AM on October 29, 2019, Ms. He Qiong, founder of Luheng Certified Public Accountants Firm, delivered a special presentation on the "Mid-term Report of Donghai Airlines' Internal Control Construction Project" to all the management team and department heads of Donghai Airlines at the meeting room on the third floor of the Operation Control Center of Shenzhen Donghai Airlines Co., Ltd.

On the morning of October 24, 2019, Lawyer He Qiong, Director and Senior Partner of Luheng Law Firm, was invited by the Hengyang State-owned Assets Supervision and Administration Commission (SASAC) to deliver a special training on "Articles of Association Design and Checks and Balances" to all cadres of the municipal SASAC organ and the main person in charge of municipal state-owned enterprises at the conference room on the second floor of Hengyang SASAC.

A small and medium-sized construction enterprise has fallen into an unprecedented survival crisis due to project suspension. Wages for 260 migrant workers have been in arrears for months, with the total amount of unpaid wages reaching as high as 3.2 million yuan. As emotions intensified, a collective wage protest erupted — workers besieged the project department, blocked traffic, and pulled banners to defend their rights, and the situation escalated rapidly.

On May 15, 2019, the State-owned Assets Supervision and Administration Commission of Hunan Province (SASAC of Hunan Province) announced the "List of Selected Legal Service Intermediary Institutions for the 2019 Excellent Recommendation and Reserve Library". Luheng Law Firm is grateful for the support and trust from the state-owned assets supervision authorities and clients, and has been selected into the Excellent Recommendation and Reserve Library of Legal Service Intermediaries of SASAC of Hunan Province for the third consecutive year in 2019.