Evergrande Auto: Evergrande New Energy Vehicle Company Limited's bankruptcy and liquidation application has been accepted, and stock trading remains suspended.
Evergrande Auto Announcement: The Company has received a ruling from the People's Court of Binhai New Area, Tianjin City, accepting the application for bankruptcy and liquidation of Evergrande New Energy Vehicle Co., Ltd. by creditors. The registered capital of the relevant subsidiary companies is RMB 4.1 billion, and they are the registered owners of the manufacturing base for smart mobility products owned by the Group in Tianjin. Production at the base has been suspended since January 2024. At the Company's request, trading of the company's shares on the Main Board of The Stock Exchange of Hong Kong Limited will be suspended from 9:00 a.m. on April 1, 2025, pending the publication of its unaudited financial results and the resumption of trading guidelines, and will remain suspended until further notice.
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