Hualing Xingma advances reorganization with latest share transfers

Hualing Xingma Automobile Group has continued with its reorganization efforts, confirming the latest judicial transfer of 23,963,600 shares to creditor securities accounts. This transfer, representing 1.49% of the company's total share capital, contributes to debt repayment under the restructuring plan. Following this, the bankruptcy enterprise property disposal special account holds 66,957,251 remaining shares.

Previously, the company had disclosed multiple share transfers to creditors throughout 2025, with transfers on March 1, March 22, May 15, June 11, and June 28, accounting for 5.88%, 2.85%, 4.35%, 0.37%, and 2.04% of the total share capital, respectively.

As of the latest announcement, the company has successfully transferred all 515,385,607 shares designated for new investors to their respective accounts. Additionally, 366,413,665 out of the 433,370,916 shares allocated for common creditor debt settlement have now been transferred to creditor securities accounts.