BRIEF-Evergrande Property Services Announces Legal Proceedings

China Evergrande New Energy Vehicle Group Ltd: * LEGAL PROCEEDINGS

* REFER TO ANNOUNCEMENT DATED 15 FEB 2023 ON KEY FINDINGS OF INDEPENDENT INVESTIGATION AND ANNOUNCEMENT DATED 28 NOV 2023 * RELEVANT PROCEEDINGS WILL NOT HAVE MATERIAL ADVERSE EFFECT ON NORMAL BUSINESS OPERATIONS OF CO

* IN RELATION TO ENFORCEMENT OF DEPOSIT PLEDGES, UNITS FILED PROCEEDINGS WITH GUANGZHOU INTERMEDIATE PEOPLE'S COURT OF GUANGDONG PROVINCE * GROUP WILL CONSIDER FILING ADDITIONAL PROCEEDINGS AGAINST SHAREHOLDERS OF RELEVANT COMPANIES

* GROUP HAS RECEIVED NOTICES ON 25 JANUARY 2024 FROM COURT FORMALLY ACCEPTING FILING OF CASES * UNITS BEGAN PROCEEDINGS AGAINST CHINA EVERGRANDE, HENGDA REAL ESTATE, AMONG OTHERS

* RELEVANT COMPANIES REFERS TO GUANGDONG JINGQI INDUSTRIAL, AMONG OTHERS Source text for Eikon: Further company coverage: