Sinomach Automobile (600335.SH) participated in the bankruptcy liquidation application of its affiliated company Xingbang Technology Innovation by creditors.

Sinomach Automobile (600335.SH) announced that the company recently learned that its affiliated company, Xinbang (Zhuhai) Sci-Tech Industry Development Co., Ltd. ("Xinbang Sci-Tech"), has had a bankruptcy liquidation application submitted by creditor Guangdong Xinbang Automation Equipment Group Co., Ltd. to the Zhuhai Intermediate People's Court. The Zhuhai Intermediate People's Court has appointed Beijing Deheng (Zhuhai) Law Firm as the front-end counselor to assist in handling the related matters.