According to news on the afternoon of October 18, WM Motor responded to bankruptcy rumors by saying that WM Motor has not filed for bankruptcy. It is currently in the pre-reorganization stage accepted by the Shanghai No. 3 Intermediate People's Court, and the company's core positions are currently operating normally. Information such as WM Motor's 40 billion financing rumored on the Internet are all false information.
The following is the original text of WM Motor’s response:
In response to some false statements that have appeared recently, the company has made the following clarification:
1. WM Motor did not file for bankruptcy! What is currently going on is the pre-reorganization stage accepted by the Shanghai No. 3 Intermediate People's Court. Pre-reorganization is different from bankruptcy reorganization. It is a self-rescue behavior carried out in the early stages of a company facing difficulties. It aims to introduce strategic investors through debt restructuring, avoid bankruptcy and achieve rebirth and transformation.
2. At present, the company's core positions are operating normally. After the National Day, some apps in the car did experience abnormal usage. The company established an emergency team, which solved the relevant problems within 48 hours of discovering the situation and resumed normal use. If similar situations occur in the future, please contact us as soon as possible.
3． The company's current focus includes after-sales service, resumption of work and production, export business, overseas cooperation, international financing and the introduction of strategic investors. Certain progress has been made and we will look for a suitable time to announce it to the public. The company's founder, Shen Hui, went to the United States to study in 1991 and has worked and lived in many places in Europe and the United States for many years. Recently, his work has focused on overseas matters, so there is no situation where the company's founder went overseas.
4． The current rumors on the Internet about Weimar's 40 billion financing and other information are all false information, and most reports confuse the financing amount with the amount of creditor's rights and debt. The company has publicly disclosed relevant financing and operating conditions in its prospectus.
WM Motor is currently in a critical stage of pre-reorganization. The company will do its best to protect the rights and interests of users, employees, suppliers, dealers and investors. We would like to thank the media and the public for their attention. For false information and rumors, we will reserve the right to pursue legal liability for publishers, reprinters, rumor spreaders and related entities who fail to delete relevant rumors in a timely manner, and maintain the company's reputation and image through legal and compliance channels.