EVERG VEHICLE (00708) Announces 2025 Interim Results: Loss Attributable to Shareholders of RMB 585 Million, a Year-on-Year Decrease of 97.11%

EVERG VEHICLE (00708) Announces 2025 Interim Results: Loss Attributable to Shareholders of RMB 585 Million, a Year-on-Year Decrease of 97.11% EVERG VEHICLE (00708) released its interim results for the six months ended June 30, 2025. During the period, the Group recorded revenue of RMB 6.508 million (the same unit below), a year-on-year decrease of 83.04%; loss attributable to shareholders of RMB 585 million, a year-on-year decrease of 97.11%; and basic loss per share of 5.398 cents. The announcement stated that the decrease in revenue was mainly because, after the Group terminated its property development activities, there were no property sales during the reporting period. During the reporting period, the Group's automobile manufacturing business remained suspended. The Tianjin manufacturing base did not resume production, while the Shanghai manufacturing base and Guangzhou manufacturing base continued to be in shutdown management status. As of the date of this announcement, more of the Company's PRC subsidiaries (including the Tianjin subsidiary that is the registered owner of the Tianjin manufacturing base) have entered bankruptcy liquidation proceedings pursuant to rulings of the relevant PRC courts, and all of the Group's production facilities in China have been sold or are in the process of being sold through such proceedings. The Group no longer operates an automobile manufacturing business and has no intention of resuming such business.