Changshan Beiming adjusts asset swap, offsets debts with receivables

Shijiazhuang Changshan Beiming Technology Co., Ltd. (Changshan Beiming) will offset an asset swap difference and non-operating debts with accounts receivable from Hebei Ruiteng New Energy Automobile Co., Ltd. (Ruiteng Automobile), valued at 513,937,430 yuan. This follows an audit by Beijing Zhongming Guocheng Certified Public Accountants and an appraisal by Tianhao International Real Estate Land Asset Appraisal Group Co., Ltd., confirming Ruiteng Automobile's mortgaged assets as security.

The adjusted asset swap involves Changshan Beiming acquiring Ruiteng Automobile's land and factory buildings in the Shijiazhuang Equipment Manufacturing Base. These assets are considered to have appreciation potential, with the land area being 256,134.13 square meters. The transfer of creditor's rights means Changshan Beiming will assume priority over the mortgaged assets.

Changshan Beiming will continue its engagement with Beijing Xinghua Certified Public Accountants (Special General Partnership) as its 2025 audit institution, with an expected audit fee of 1.45m yuan. The decision, approved by the board, ensures the continuity of audit work and compliance with regulatory requirements.