ST Hanma completes key share transfers in restructuring

** Hualing Xingma Automobile Group (*ST Hanma*, SSE:600375) announced the completion of share transfers related to its reorganization plan, which was approved on December 11, 2024. The transfers involved 515,385,607 shares allocated to restructuring investors, now held under restricted conditions. Additionally, 94,301,890 shares from the company's bankruptcy asset disposal account are being transferred to creditors to settle debts, with unrestricted trading. Following this distribution, 245,082,885 shares, representing 15.29% of the company's total share capital, remain in the disposal account. The court has confirmed the completion of the reorganization plan. The company assures that current production and operation activities are proceeding normally.