EVERG VEHICLE (00708) receives additional resumption guidance from the Stock Exchange to continue suspension.

EVERG VEHICLE (00708) announces that following the resignation of Mr. Xiao, the Company is unable to comply with Listing Rule 3.05 which requires two authorized representatives to serve as the main communication channel between the Company and the Stock Exchange. The Company has received additional resumption guidance from the Stock Exchange regarding the resumption of trading of its shares (the third resumption guidance, together with the preliminary resumption guidance and the second resumption guidance, collectively referred to as the "resumption guidance"), which requires the Company to re-comply with the aforementioned Listing Rule. Before the shares are allowed to resume trading, the Company must satisfy all the resumption guidance, rectify the issues that led to the suspension of trading, and fully comply with the Listing Rules to the satisfaction of the Stock Exchange. If there are any changes in the Company's situation, the Stock Exchange may modify or supplement the resumption guidance. If the shares remain suspended for 18 months (ending on September 30, 2026), the Stock Exchange may delist the shares. If the Company fails to rectify the issues leading to the suspension, comply with the resumption guidance, and fully comply with the Listing Rules by September 30, 2026, the Stock Exchange Listing Division may recommend to the Listing Committee to delist the Company. The Stock Exchange may impose a specific remedy period or immediately delist the Company in appropriate circumstances. Furthermore, the Company's shares will remain suspended.