Founder Fang Yunzhou suspected of misusing public funds

Nezha Auto has recently fallen into a financial crisis. On the one hand, employees have no way to ask for their salaries, and on the other hand, it was revealed that the founder Fang Yunzhou was suspected of abusing public funds to rent a villa, and the monthly salary of a female executive was as high as 120,000 yuan. Although Fang Yunzhou was restricted from high consumption, he was still exposed to have used company funds to rent a villa. Currently, Nezha Auto is seeking an investment entity and clarifying the debt relationship with dealers, hoping to get out of the predicament.