According to the "Henan Commercial Daily" report, on February 6, Henan Xinfei Electric Co., Ltd. released an open letter to its employees called "a letter to all employees, distributors, suppliers, and other groups or individuals." In the afternoon of February 3, 2018, Xinxiang Intermediate People's Court (hereinafter referred to as “Xinxiang Intermediate Court”) presided over Henan Xinfei Electric Appliance Co., Ltd., Henan Xinfei Home Appliance Co., Ltd. and Henan Xinfei Refrigeration Appliance Co., Ltd. (hereinafter referred to as “Xinxiang Intermediate People’s Court”). The "New Flying Three Company") Restructured Investor Recruitment Review Meeting held its second meeting. The meeting resolved that Hong Leong Asia Limited ("Hong Leong") was formally reorganized for the New Flying Company.

Xinfei was once one of the “four golden flowers” ​​in China’s refrigerator industry. However, in recent years, it has seen new trends in industrial transformation and market consumption upgrade. It has fallen from the original first-line brand camp and has experienced several production shutdowns. At the beginning of November 2017, Xinfeisan announced that due to market competition and decline, Xinfeisan had sustained losses in the past few years. Although the foreign shareholders gave large amounts of funds and support, they still could not completely recover the market. Due to the pressure from the capital chain, the company currently has only to stop production activities and has submitted a reorganization application to the Xinxiang Intermediate People's Court on October 30, 2017. Under the supervision of the court, the company reorganized according to law.

At the first creditors’ meeting of the new Feisan company's merger reorganization case held on January 19 in the Xinxiang Intermediate People's Court, data released by Beijing King & Wood Mallesons Law Offices, which was designated as the manager of Xinfeisan Company through the open competitive bidding method, showed that As of January 5, 2018, the deadline for the filing of creditor's rights in the new Feisan company's merger reorganization case as determined by the Xinxiang Intermediate People's Court, a total of 823 creditors applied for the creditor's rights to the administrator, with a declared amount of 24,351,960,99.91 yuan.

At the first creditors’ meeting of the case, the relevant person in charge of Beijing King & Wood Mallesons Law Firm stated that under the supervision and guidance of the Xinxiang Intermediate People's Court, the manager will intensify the recruitment of restructured investors and assist them with the help of restructured investors. Xinfei Company resumed production. At that time, a number of well-known domestic and foreign companies submitted their reorganization investment intentions.

Subsequent to Hong Leong Asia, which is part of the Singapore Hong Leong Group, it was previously a major shareholder of Xinfei. According to a person familiar with the matter, Wanbao, Gree, and Omar had had contact with Xinfei, but they all ended without results. The person got information from Xinfei inside. Because there was no suitable buyer, Hong Leong had to continue to invest in capital, so that Xinfei would resume production. He expects that Hong Leong Asia will not seek to sell new flights in the short term.

Xinfei stated in an open letter on February 6 that under the supervision of the Xinxiang Intermediate People's Court and the managers of Xinfei Company, the newly restructured investors of Xinfei Company will gradually resume production in the near future, and employees will return to work one after another. The company's sales, supply, and after-sales systems will gradually resume normal operations.

According to exact news, Xinfei Electric will hold a groundbreaking ceremony on February 8th to formally resume production.

In the Q&A community Goku, a netizen named “Advancing in Records” stated that Xinfei had been a famous brand in Henan and even China, and could not disappear without leaving a sigh. "The new flight advertising is better, not as good as the new flying refrigerator, Mo is an absolute eternal singer!"