Meidong Auto (stock code: 1268) announced on June 25, 2024 that it has repurchased and cancelled a portion of zero-coupon secured convertible bonds due in 2027, involving a total principal amount of HKD 807,000,000, which accounts for approximately 29.35% of the initial bond principal amount. This repurchase will not have a significant adverse effect on the company's financial condition. After this repurchase, the outstanding principal of the unredeemed bonds is HKD 1,933,000,000, accounting for approximately 70.29% of the initial bond principal amount. The company stated that it may or may not repurchase the bonds further. Mr. Ye Fan, the Chairman of the Board of Directors, stressed that bond and/or other security holders of the company, as well as potential investors, should act prudently when trading the company's securities.

Meidong Auto (stock code: 1268) announced on June 25, 2024 that it has repurchased and cancelled a portion of zero-coupon secured convertible bonds due in 2027, involving a total principal amount of HKD 807,000,000, which accounts for approximately 29.35% of the initial bond principal amount. This repurchase will not have a significant adverse effect on the company's financial condition. After this repurchase, the outstanding principal of the unredeemed bonds is HKD 1,933,000,000, accounting for approximately 70.29% of the initial bond principal amount. The company stated that it may or may not repurchase the bonds further. Mr. Ye Fan, the Chairman of the Board of Directors, stressed that bond and/or other security holders of the company, as well as potential investors, should act prudently when trading the company's securities.