Invt Electric subsidiary enters bankruptcy liquidation

Shenzhen Invt Electric Co., Ltd. (SZSE:002334) announced that its subsidiary, Shenzhen Invt Transportation Technology Co., Ltd., has entered bankruptcy liquidation. The Shenzhen Intermediate People's Court appointed Beijing King & Wood Mallesons (Shenzhen) as the administrator on December 27, 2024. The court accepted the bankruptcy liquidation application filed by creditors against the subsidiary. Invt Electric stated that the subsidiary will no longer be included in the consolidated financial statements. While the company anticipates minimal impact on its operations, the final impact will depend on the liquidation's outcome. Investors are urged to monitor further announcements.