Core Viewpoint - Hozon New Energy Automobile Co., Ltd. is publicly recruiting investors for a benefit bond financing plan, aiming to raise up to RMB 100 million to support its core business operations and maintain essential expenditures [1][4]. Group 1: Company Overview - Hozon New Energy was established on October 16, 2014, and is registered in Jiaxing City, Zhejiang Province. The company focuses on the design, development, production, and sales of electric vehicles and related consulting services [4]. - The company's assets primarily consist of fixed assets, intellectual property, and accounts receivable, including an industrial land area of 350 acres in Zhejiang Province [4]. Group 2: Benefit Bond Financing Plan - The planned financing amount is up to RMB 100 million, with the final recruitment determined based on investor applications [4][5]. - The funds will be used for essential operational expenses, maintenance of production line equipment, ensuring vehicle owners can safely use Hozon vehicles, and other necessary expenditures for asset preservation and value enhancement [5][6]. Group 3: Financing Terms - The financing period is tentatively set for 12 months from the actual disbursement of funds [5]. - Interest rates will be determined based on market conditions and negotiated with selected investors [6]. - The repayment sources include asset disposal income, operational revenue, and funds from investors [6]. Group 4: Investor Qualifications and Recruitment Process - Eligible investors must be legally established financial institutions or individuals with full civil capacity, having no significant legal violations in the past three years [7]. - The recruitment process includes a qualification review, and interested investors must submit various documents by December 15, 2025 [8][9]. - The management reserves the right to adjust the recruitment process and terms as necessary [12].

Core Viewpoint - The company is undergoing a pre-restructuring process due to financial difficulties, with a focus on operational adjustments and debt management strategies to improve its financial health [10][14]. Group 1: Business Overview - In the tourism sector, the Sanya Phoenix Ridge scenic area saw a visitor increase of 9.52% year-on-year, totaling 230,000 visitors in the first half of 2025 [8]. - The company is managing 450 acres of coconut and other crops in the Chengmai Dafen project and is exploring partnerships with agricultural enterprises [8]. - The "Sea View Haikou" cruise project faced challenges due to market competition and vessel inspections, operating 5 passenger trips and 13 charter trips in the first half of 2025 [8]. Group 2: Media and Advertising - In the internet advertising segment, the company signed contracts with 33 advertisers in the first half of 2025, with 23 being new clients, and produced 12,453 self-made videos [9]. - The mobile audio and video business is focusing on enhancing content quality and quantity in line with operator cooperation assessment rules [9]. Group 3: Other Business Segments - The office leasing business reported a leased area of 25,645.2 square meters, with a signed area of 5,539.8 square meters in the first half of 2025 [10]. - The mobile gaming sector is strengthening partnerships with publishers to reduce operational risks and enhance product quality [10]. Group 4: Restructuring Progress - The company is in a pre-restructuring phase initiated by a court application due to its inability to repay debts, with a temporary management team appointed to oversee the process [10][14]. - A second temporary creditors' meeting was held on August 18, 2025, where a debt financing proposal was approved by 81.82% of the voting creditors, representing 94.92% of the unsecured debt [14].