On the morning of March 30, Evergrande Automobile issued an announcement saying that the company’s board of directors is learning about the situation of Evergrande Property. The Board considered that the incident mainly involved Evergrande Property, a sister company of the Company. No further inside information has been released at this stage. At the request of the company, the company’s shares were suspended from March 21. The company has applied to the Stock Exchange to resume trading in the Company’s shares on the Stock Exchange from 9:00 a.m. on March 30, 2022.
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Evergrande Motor stated that according to the inside information disclosed in the company’s announcement on March 22, 2022, the company does not expect to be able to publish the audited results for the year ended December 31, 2021 on or before March 31, 2022. According to the requirements of the Listing Rules, the shares of the Company will cease trading at 9:00 a.m. on April 1, 2022. The Company will cooperate with auditors and strive to complete the 2021 audit work in about three months after the suspension of trading, publish the audited results and apply to the Stock Exchange for resumption of trading of the company’s shares as soon as possible.
