Guangzhou Automobile Group announced on January 10 that it would share shares with shareholders of its joint-stock company Hechuang Automotive Technology Co., Ltd.Provide shareholder loans specifically used to pay employee wages and economic compensation, and GAC Aian is entrusted to undertake the after-sales service business of Hechuang Automobile products.
GAC Group said that in order to fulfill its social responsibilities to employees and consumers, the shareholders of the joint-stock company Hechuang Automotive Technology Co., Ltd. agreed to provide shareholder loans based on the share ratio specifically for the payment of employee wages and economic compensation.
Among them, the company and its holding subsidiary GAC Aian New Energy Vehicle Co., Ltd. provided loans of approximately 23.8 million yuan based on shareholding ratio (total shareholding of 25%) (subject to the actual amount incurred).
GAC Group agrees to comply with relevant laws and regulations,GAC Aian was entrusted to undertake the after-sales service business of Hechuang Automobile products.Based on the 10-year after-sales service period, the shareholders of Hechuang Auto will provide a loan of no more than 174 million yuan in proportion to their shares, specifically for the after-sales service of Hechuang Auto products.
It is reported that in June last year, Hechuang Auto was reported to have been hit by a thunderstorm, and a car owner broke the news on a public platform that it had been unable to maintain or repair for several months.
At the same time, some media reported that car owners defended their rights by holding banners with demands such as "Hechuang Automobile will not refund the investment money of resigned employees" and "Please Zhujiang Investment Management to protect employees, and Hechuang Automobile will return my hard-earned money."
In November of the same year, it was revealed that Hechuang Automobile had laid off all employees of its Shanghai branch and was in arrears with compensation for the laid-off employees.
Several people from the Shanghai branch of Hechuang Automobile who have resigned said, "We originally negotiated with the company to issue N+1 compensation before October 31, but now it is half a month overdue and no compensation has been paid. It has been delayed."
Public information shows that Hechuang Automobile is jointly invested by Zhujiang Investment Management Group and Guangzhou Automobile Group.It has four models on sale: Hechuang A01, Hechuang Z03, Hechuang 007, and Hechuang V09.