If a fundraising project does not receive government approval, continuing to operate may face legal and compliance risks. Here are some suggestions: 1. **Suspend operations**: First, it is recommended to suspend all related fundraising activities to avoid further legal risks. 2. **Consult legal experts**: Seek advice from professional legal advisors to understand the specific legal consequences of not being approved and evaluate possible solutions. 3. **Communicate with regulators**: If possible, contact the relevant regulators to understand the reasons for not being approved and ask whether you can appeal or supplement materials. 4. **Revise the plan**: Adjust the project plan based on feedback to ensure that it complies with government requirements and regulations, and prepare to reapply for approval. 5. **Transparent communication**: If the project has attracted investors, communicate with them in a timely manner about the project progress and measures taken to maintain trust. 6. **Seek legal alternatives**: Consider whether you can continue to promote related activities of the project, such as financing, cooperation, etc., through channels that comply with regulations. 7. **Assess risks**: Carefully evaluate the potential legal and financial risks that may arise from continuing to promote the project and make wise decisions. Please be sure to conduct business within a compliant framework to protect the rights and interests of yourself and your investors.