May 27, 9 amjackandthebeanstalkslot, Evergrande Automobile resumed trading on the Stock Exchange, and its share price surged by more than 110% after the opening. As of press time, each share is reported at 0jackandthebeanstalkslot.72 Hong Kong dollars, an increase of 89.47%.

On the news front, on the evening of May 26, Evergrande Automobile announced that the company had learned on May 16 that shareholders China Evergrande Group (in liquidation), Evergrande Health Industry Group Co., Ltd., and Acelin Global Limited had entered into a term with an independent third party. The potential buyer (or another party designated by the buyer with the company's consent) will provide the company with a credit amount to support the company's continued operation and development of the electric vehicle business.

After reaching a sale and purchase agreement and being bound by its terms and conditions, the initial plan is to immediately acquire 3.145 billion potential shares of Evergrande Motor for sale, which account for approximately 29% of the company's issued shares. At the same time, another 3.203 billion potential shares for sale, accounting for 29.5% of the company's issued shares, will become the subject of an option for potential buyers within a certain period of time after the date of the sale and purchase agreement.

Evergrande Automobile said that at present, the group is seriously short of funds. The Group's Tianjin factory has no longer been in production since the beginning of this year. As of the date of this announcement, production has not yet resumed at the Group's Tianjin factory.