China's Hengda Group (in liquidation) signed a non-binding agreement with an independent third-party buyer on May 16, 2024 involving the potential sale of approximately 58.5% of the shares of China Hengda New Energy Automobile Group Co., Ltd. The transaction will be divided into two parts, of which approximately 29.0% of the shares will be purchased immediately, and approximately 29.5% of the shares will become exercisable warrants of potential buyers. The transaction details in the Terms and Conditions are not yet legally binding, and the final terms of the purchase and sale agreement are still being negotiated. The completion of the potential transaction also requires further due diligence and the signing of a trade agreement. With effect from 29 January 2024, China Hang Da shares will continue to be delisted until further notice.

China's Hengda Group (in liquidation) signed a non-binding agreement with an independent third-party buyer on May 16, 2024 involving the potential sale of approximately 58.5% of the shares of China Hengda New Energy Automobile Group Co., Ltd. The transaction will be divided into two parts, of which approximately 29.0% of the shares will be purchased immediately, and approximately 29.5% of the shares will become exercisable warrants of potential buyers. The transaction details in the Terms and Conditions are not yet legally binding, and the final terms of the purchase and sale agreement are still being negotiated. The completion of the potential transaction also requires further due diligence and the signing of a trade agreement. With effect from 29 January 2024, China Hang Da shares will continue to be delisted until further notice.