China Evergrande New Energy Vehicle Group Limited (708) Announces Further Delay in Dispatch of Circular

Bulletin Express01-30

China Evergrande New Energy Vehicle Group Limited (the “Company”), together with its subsidiaries, issued an announcement regarding a further delay in dispatching a circular related to major and continuing connected transactions. These transactions encompass connected loans receivable, green landscaping services, material procurement, and the sale of new energy vehicles.

According to the announcement, the Company initially planned to dispatch the circular on or before 30 January 2026. However, additional time is required to prepare and finalize the information. The dispatch date is now expected to be postponed to on or before 31 March 2026. The Company will release a revised timetable for these major and continuing connected transactions as soon as practicable.

The circular, upon issuance, is intended to include further details of the Post-Disposal Loans and Loans to the China Evergrande Group (In Liquidation), along with a letter of advice from the Independent Financial Adviser, a recommendation from the Independent Board Committee, and a notice for convening a general meeting of shareholders. The Company’s Board will provide updates as circumstances evolve, in line with regulatory requirements.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment