Announcement on the Continued Temporary Suspension of Operations at Subsidiary Zhongqi Hongyuan

Longzhou Co., Ltd.·May 29, 2026·2 pages

✨ AI Summary

The announcement informs that Dongguan Zhongqi Hongyuan Automobile Co., Ltd., a subsidiary of Longzhou Group, will extend its temporary suspension of operations until November 30, 2026, due to insufficient orders. The company has not received any business orders since 2024, resulting in minimal impact on revenue. Fixed costs remain unchanged, and the company will prepare for resumption based on market conditions.

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Full Translation

AI Translation· azure_openai

1. Overview of Temporary Suspension of Operations at Dongguan Zhongqi Hongyuan Automobile Co., Ltd.

Longzhou Group Co., Ltd. (hereinafter referred to as the Company) announces that its controlling subsidiary, Dongguan Zhongqi Hongyuan Automobile Co., Ltd. (hereinafter referred to as Zhongqi Hongyuan), has been affected by a slowdown in the new energy bus market and insufficient orders. As a result, it will temporarily suspend operations starting January 1, 2024, with the suspension extended to May 31, 2026. For further details, please refer to the Company's announcements numbered 2024-059, 2024-093, 2025-039, and 2025-088 regarding the temporary suspension of operations

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