BRIEF-Evergrande Property Services Says Three Subsidiaries Of Co Received Notices From Tax Authority

China Evergrande New Energy Vehicle Group Ltd: * THREE SUBSIDIARIES OF CO RECEIVED NOTICES FROM TAX AUTHORITY

* NOTICES THAT CO FAILED TO PROVIDE SUFFICIENT SUPPORTING MATERIALS FOR RECOGNITION OF BAD DEBT LOSSES AND PARTIAL TAX DEDUCTIONS BY UNIT * COMPANY'S PROFIT AND LOSS STATEMENTS FOR 2021 AND 2022 HAD ALREADY FULLY REFLECTED TAX PAYABLE

* AS A RESULT, THERE WAS RISK OF UNDERPAYMENT OF CORPORATE INCOME TAX OF AROUND RMB650 MILLION FOR 2021 & 2022 * NOTICES THAT CO FAILED TO GIVE SUPPORTING MATERIALS FOR RECOGNITION OF BAD DEBT LOSSES

* FAILLURE TO GIVE SUPPORTING MATERIALS FOR ENFORCED PLEDGED DEPOSITS OF RMB13.4 BILLION IN 2021, 2022 AND 2023 Source text for Eikon: Further company coverage: