Summary by Futu AI
Evergrande New Energy Automobile Group Co., Ltd. ('Everg Vehicle') updated its progress on potential share transfer on June 26, 2024. The company reviewed its announcement released on May 26, 2024, which mentioned the non-binding terms sheet reached with the potential buyer for share transfer. Everg Vehicle stated that as of the latest announcement date, discussions among the potential seller, potential buyer and the company were still ongoing, but no purchase and sale agreement or credit agreement had been entered into. The company emphasized that the completion of any potential transaction would be subject to further negotiation, due diligence, signing of agreements and satisfaction of the relevant terms and conditions. Everg Vehicle reminded shareholders and potential investors to exercise caution when trading shares. Directors of the Board include Executive Directors Mr. Sean Xiao, Mr. Liu Yongzhuo, Mr. Qin Liyong, as well as Independent Non-executive Directors Mr. Zhou Chengyan and Mr. Xie Wu, who are responsible for the accuracy of the contents of the announcement.