Longzhou Co., Ltd. announced that it plans to transfer 51% of the holding Sun's shares in Dongguan Zhongqi Hongyuan Automobile Co., Ltd. and all of the company's and Xinyu Automobile's claims against China Automobile Hongyuan through a public listing. The total reserve price for the initial listing is 1.31 billion yuan. As of June 30, 2026, the assessment value of 51% of China Automobile Hongyuan's equity was -308 million yuan, with a total debt principal and interest of 1.31 billion yuan, and an assessed value of 703 million yuan. The transaction was reviewed and approved by the 62nd meeting of the 7th board of directors of the company and still needs to be submitted to the shareholders' meeting for review. After the transaction was completed, China Automobile Hongyuan and its subsidiaries were no longer included in the scope of the company's consolidated statements.

Longzhou Co., Ltd. announced that it plans to transfer 51% of the holding Sun's shares in Dongguan Zhongqi Hongyuan Automobile Co., Ltd. and all of the company's and Xinyu Automobile's claims against China Automobile Hongyuan through a public listing. The total reserve price for the initial listing is 1.31 billion yuan. As of June 30, 2026, the assessment value of 51% of China Automobile Hongyuan's equity was -308 million yuan, with a total debt principal and interest of 1.31 billion yuan, and an assessed value of 703 million yuan. The transaction was reviewed and approved by the 62nd meeting of the 7th board of directors of the company and still needs to be submitted to the shareholders' meeting for review. After the transaction was completed, China Automobile Hongyuan and its subsidiaries were no longer included in the scope of the company's consolidated statements.