Evergrande Auto continues to maintain basic operations with limited funds and remains suspended from trading

EVERG VEHICLE (00708.HK) announced that, to date, the company continues to maintain the basic operational activities of its production facilities with limited funds and does not have sufficient funds to cover the service fees for auditors and other related professional consultants for the 2024 annual audit and other review work. Therefore, the company cannot reasonably determine the publication date of its 2024 performance. The company will continue to seek investment to alleviate liquidity issues and facilitate appropriate restructuring.

The company's shares have been suspended from trading since April 1 and will remain suspended