On December 18, Hezhong New Energy, the parent company of Nezha Automobile, announced the results of the public recruitment of operation and management trustees. The announcement mentioned that a total of two interested institutions submitted registration materials. The review committee scored the two institutions on the spot from three aspects: professional qualifications and relevant experience, feasibility of operation and management plans, and rationality of funding arrangements.
Based on the review results, one of the intended institutions was selected as the operation and management trustee. Subsequently, the manager will sign an "Operation and Management Entrustment Agreement" with the trustee in accordance with the law, perform supervision and assistance responsibilities, jointly promote the entrusted operation and management work, and ensure the smooth implementation of the bankruptcy and reorganization procedures in this case.
On December 4, Hezhong New Energy released a public bond investor recruitment announcement, openly recruiting public bond investors. The total planned financing amount will not exceed RMB 100 million, and the financing funds will be used exclusively to pay for the necessary expenses to maintain the continued operation of the debtor's core business, and to pay various cockpit supplier fees such as vehicle engines and after-sales services to maintain the normal and safe use of "Nezha Automobile" by car owners.