According to the Zhitong Finance APP, LONGZHOU (002682.SZ) announced that its controlling subsidiary Dongguan Zhongqi Hongyuan Automobile Co., Ltd. (hereinafter referred to as Zhongqi Hongyuan) has been affected by factors such as the slowdown in the new energy bus market, resulting in unsatisfactory operating performance and low operating income. To alleviate operational difficulties and reduce labor costs, Zhongqi Hongyuan will temporarily suspend operations starting from January 1, 2024, due to insufficient orders. Furthermore, as the market situation and operating conditions have not shown significant improvement, the suspension will be extended until May 31, 2025.

As Zhongqi Hongyuan's operating conditions have not significantly improved and there are no production arrangements in the short term, the temporary shareholders' meeting of Zhongqi Hongyuan has reviewed and confirmed through the company's president's office that the suspension of operations will be extended from June 1, 2025, to November 30, 2025