Dongfeng Motor responds to debt collection joint announcement: production and operations are normal with no major debts

Recently, the joint announcement on debt collection published by "Changjiang Daily" on May 29 attracted the attention of the market and the media. The announcement was issued by the Wuhan Municipal Finance Bureau and Wuhan Changjiang Asset Management Co., Ltd. The debt unit involved is Dongfeng Wuhan Light Vehicle Co., Ltd., and Dongfeng Motor Co., Ltd. (hereinafter referred to as "Dongfeng Motor") clarified this.

According to the clarification announcement issued by Dongfeng Motor, there is no equity relationship or business dealings between Dongfeng Wuhan Light Vehicle Co., Ltd. and Dongfeng Motor. There is no debt-creditor relationship between Dongfeng Motor, Wuhan Municipal Finance Bureau and Wuhan Changjiang Asset Management Co., Ltd. Dongfeng Motor emphasized that the company's production and operation activities are normal, there are no major debts that should be disclosed but have not been disclosed, and there are no situations that harm the interests of the company and small and medium-sized shareholders.

According to the editor’s understanding, issuing this clarification announcement will help reduce people’s concerns about the financial risks that Dongfeng Motor may encounter. Although the joint debt collection announcement mentioned Dongfeng Wuhan Light Vehicle Co., Ltd., Dongfeng Motor made it clear that there is no direct connection between the two. This clarification has the potential to protect Dongfeng Motor's reputation and avoid unnecessary negative impact on the company and its minority shareholders.

Dongfeng Motor is one of China's leading automobile manufacturing companies and has been committed to providing high-quality products and services. The company has committed to actively promote business growth and maintain stable production and operation conditions to better reward investors and shareholders for their confidence and support in the company.

Overall, although the joint announcement of debt collection has attracted certain attention, Dongfeng Motor clearly expressed the irrelevance between the company and the relevant debt units through the clarification announcement. This response shows that Dongfeng Motor attaches great importance to market transparency and shareholder interests, and helps protect the company's image and maintain market stability.

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