Nanjing Bank's renovation loan was rejected for the following reasons:

1. Does not have the qualification and basic conditions of the loan entity;

2 production, operation or investment in products and projects prohibited by the state;

3. Violating the provisions of the State on foreign exchange control;

4. The construction project has not obtained the approval document, which shall be reported to the relevant departments for approval in accordance with state regulations;

5 production, operation or investment projects without the permission of the environmental protection department;

6. In the process of institutional changes such as contracting, leasing, joint venture, merger (merger), cooperation, division, paid transfer of property rights, shareholding system reform, etc., the original loan debt is not paid off, the original loan debt is implemented or the corresponding guarantee is provided;

7. There are other serious illegal business practices.