Guangzhou Automobile Group Chairman speaks out: No connection with "Car Circle Evergrande" and "explosive scandal".

Due to the fermentation of the "Car Circle Evergrande" topic, Feng Xingya, Chairman and General Manager of GAC Group, the parent company of GAC Aion, specifically pointed out: "GAC Group is one of the best companies in the Chinese automotive industry in terms of financial structure. Our asset-liability ratio in 2024 is only 47.6%. Over the years, we have always maintained steady development. Even for GAC Aion, seeking capital operation is to release organizational vitality, not to rely on the capital market to solve funding issues. It can be affirmed that both GAC Group and GAC Aion have nothing to do with 'Car Circle Evergrande' or 'blasting scandals'."