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China Automobile announced that the company's shareholding company Xinbang Science and Technology Innovation Industry Development Co., Ltd. was filed for bankruptcy and liquidation by creditors. The Zhuhai Intermediate People's Court has decided to accept the bankruptcy and liquidation application, and the ruling will take effect from now on. Xinbang Kechuang has a registered capital of 180 million yuan and actual payment of 139.79 million yuan; China Automobile Engineering, a wholly-owned subsidiary of the company, has pledged 20 million yuan and paid 10 million yuan. As of August 31, 2026, the net book value of this long-term equity investment was 0. This matter will not affect the production and operation of the company's existing business.

Zhitongcaijing·08/31/2026 10:09:15
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China Automobile announced that the company's shareholding company Xinbang Science and Technology Innovation Industry Development Co., Ltd. was filed for bankruptcy and liquidation by creditors. The Zhuhai Intermediate People's Court has decided to accept the bankruptcy and liquidation application, and the ruling will take effect from now on. Xinbang Kechuang has a registered capital of 180 million yuan and actual payment of 139.79 million yuan; China Automobile Engineering, a wholly-owned subsidiary of the company, has pledged 20 million yuan and paid 10 million yuan. As of August 31, 2026, the net book value of this long-term equity investment was 0. This matter will not affect the production and operation of the company's existing business.