Core Viewpoint - The basketball training institution "Oriental Qimingxing" is suspected of a major operational failure, leading to the closure of multiple campuses in Guangzhou and significant financial implications for parents and students [1][9][57]. Group 1: Operational Issues - Multiple campuses of Oriental Qimingxing, including locations in Guangzhou, have ceased operations, with reports of closed doors and no staff present [1][9][26]. - The company has allegedly failed to pay rent and utility fees, resulting in eviction notices from landlords [30][22]. - Parents have expressed frustration over the sudden closure, with many having prepaid substantial fees for training services [7][43]. Group 2: Financial Implications - Estimates suggest that individual campuses may involve financial losses in the millions, with one campus alone potentially reaching seven figures in unreturned fees [43][44]. - The total number of affected students across 32 campuses in Guangzhou is over 5,000, raising concerns about the total financial impact [44][57]. - The company has been reported to have a history of refund difficulties, with parents in other cities like Shenzhen also experiencing similar issues [57][65]. Group 3: Company Response - The owner of Oriental Qimingxing has publicly stated that the company is not planning to abscond and has acknowledged the operational challenges faced due to high costs and decreased consumer spending post-pandemic [77][80]. - The owner has claimed to have invested personal assets to stabilize the company and has requested patience from parents and stakeholders [82][80]. - Despite these assurances, skepticism remains among parents regarding the company's future and the likelihood of recovering their funds [82][83].