Harmony Auto subsidiary exploring additional equity financing for expansion

China Harmony Auto Holding Limited announced that its subsidiary is exploring additional equity financing. This potential financing, separate from a previously announced proposed subscription, aims to introduce new investors and diversify the subsidiary's shareholder structure. The company believes this move will secure necessary funds to support the subsidiary's expansion plan.

The board of directors stated that the size and details of this potential financing are yet to be determined, and no legally binding agreements have been entered into by the group. Consequently, the financing may or may not proceed. Further announcements will be made to update shareholders and potential investors on any developments, as required by listing rules.

This voluntary announcement follows previous announcements made by the company on September 1, 2025, September 10, 2025, and December 12, 2025, concerning the proposed subscription and related transactions. The executive directors of the company include Mr. Feng Changge, Mr. Feng Shaolun, Mr. Liu Fenglei, Ms. Ma Lintao, and Mr. Cheng Junqiang, with Mr. Liu Fenglei also serving as chief executive and executive director. Independent non-executive directors are Mr. Wang Nengguang, Mr. Lau Kwok Fan, and Mr. Sung Ka Woon.