Loncin motor sells stake in insolvent helicopter tech firm for 1 yuan

Loncin Motor Co., Ltd. has finalized the transfer of its 49.9988% equity stake in Zhuhai Longhua Helicopter Technology Co., Ltd. to minority shareholder Li Liangjun for a price of 1.00 yuan. Approved on November 13, 2025, this move aims to optimize Loncin Motor's asset structure, focus resources on its core business, and enhance operating performance and asset quality.

Loncin Motor has fully received the transfer payment, and all industrial and commercial change registration procedures have been completed. Loncin Motor no longer holds any equity in Zhuhai Longhua.

Zhuhai Longhua still owes Loncin Motor principal, interest, and current accounts totaling 69.90 million yuan. The company warns investors of a significant risk in recovering these funds, as Zhuhai Longhua has failed to achieve its commercialization goals, has negative net assets, and is insolvent.