Core Viewpoint - Bruik (Suzhou) Agricultural Internet Co., Ltd. is undergoing a counseling period for its initial public offering, facing governance issues and operational challenges, including significant declines in its e-commerce business and ongoing legal disputes [3][5][6]. Group 1: Company Governance - The company has not held regular shareholder meetings, board meetings, or supervisory board meetings as required by the Company Law, and the number of supervisors does not meet legal requirements [3][5]. - The sponsoring institution has advised the company to comply with the Company Law by holding regular meetings and timely appointing supervisors to standardize the responsibilities of directors, supervisors, and senior management [3][5]. Group 2: Legal Issues - During the counseling period, the company continues to be involved in various legal disputes, including financial loan contract disputes, sales contract disputes, partnership contract disputes, and labor compensation disputes, and has been listed as an executed party with shares continuously frozen [3][5]. Group 3: Operational Performance - The company's e-commerce platform, Jiguo.com, has experienced a significant decline in operational performance, and the agricultural big data business has a long repayment cycle [3][6]. - Bruik Agricultural Internet plans to rename itself to Bruik Agricultural Smart Internet and will launch Bruik Smart Agriculture AI and agricultural AI application software development [3][6]. Group 4: Company Background - Bruik was established on April 28, 2014, with a registered capital of 107 million yuan, focusing on internet production services in the agricultural sector, agricultural big data construction and operation, and data processing services [7]. - The actual controller of the company is Sun Tong, who holds 59.39% of the voting rights and serves as the chairman and manager [7][8].