Zhongbai Group announced that the company held the 31st meeting of the 8th board of directors on July 30 to review and pass a bill to liquidate and cancel Chongqing Trading Company Borui Imported Automobile Sales Co., Ltd. Trading company Borui is a wholly-owned subsidiary of the company's wholly-owned subsidiary of the company. It operates the Porsche brand. Previously, it continued to make steady profits, but due to changes in the auto trade market and vicious competition in new car sales in the same city, continued operation will experience large losses. Currently, it has officially stopped operating the Porsche brand. The voting results for the bill were 11 votes in agreement, 0 against, and 0 abstentions.

Zhongbai Group announced that the company held the 31st meeting of the 8th board of directors on July 30 to review and pass a bill to liquidate and cancel Chongqing Trading Company Borui Imported Automobile Sales Co., Ltd. Trading company Borui is a wholly-owned subsidiary of the company's wholly-owned subsidiary of the company. It operates the Porsche brand. Previously, it continued to make steady profits, but due to changes in the auto trade market and vicious competition in new car sales in the same city, continued operation will experience large losses. Currently, it has officially stopped operating the Porsche brand. The voting results for the bill were 11 votes in agreement, 0 against, and 0 abstentions.