The letter mentioned that before the epidemic, the company had been profitable. But in the two years since the outbreak, new elements have been plagued by heavy financial conditions.
According to the Beijing Business Daily, some store staff said that the Beijing store will not be closed, but will be taken over by a new "receiver", but it is not clear where the receiver came from. The staff of another Beijing store also said that they had heard about the new "receiver", but they did not know the specific situation. In addition, a person in charge of the consumer return card business revealed that the new receiver may be in negotiation, but there is no official response from the company.
According to the official website of New Elements, there are 15 new elements stores in Shanghai, 9 in Beijing, 2 in Guangzhou, 2 in Shenzhen, 2 in Nanjing, 1 in Suzhou, 3 in Hangzhou, 1 in Chengdu, 1 in Wuhan, and there are new stores opening recently.
According to the website of the National Enterprise Credit Information Publicity System, the main body of operation of the new element is New Element Catering Management (Shanghai) Co., Ltd., which was established on May 22, 2006, with a registered capital of 9.15 million US dollars. (Zhongxin Jingwei APP)
![New Element Catering bankruptcy liquidation, will be closed stores one after another[fig]](data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=)