Core Viewpoint - The company is facing significant operational challenges due to a lack of funding, which has halted its vehicle production and affected its financial stability [2][3][4]. Group 1: Operational Status - The company's vehicle production has not resumed due to insufficient operational funds, with no vehicle manufacturing occurring this year [2]. - Despite the production halt, the company has made progress in sales, confirming the shipment and sale of 14 vehicles from an initial order of 30 units for Algeria, with an additional order of 1,200 units secured [2]. - The company is actively exploring international markets, including Nigeria and Tunisia, to prepare for the export of the T300 fuel version by 2025 [2]. Group 2: Financial Challenges - The company is currently facing a critical issue of funding shortages, compounded by the judicial freezing of its accounts by Zheshang Bank due to overdue debts [3]. - As of June 13, the company’s net assets have significantly declined to 234 million yuan, a drop of 80.98% year-on-year, primarily due to a net loss of 1 billion yuan attributed to asset impairment provisions [4]. - The company is at risk of delisting due to negative net assets, which could lead to severe financial repercussions [4]. Group 3: Recommendations and Future Steps - Independent directors have emphasized the need for collaborative efforts to resolve the funding crisis and to address the account freezing issue with Zheshang Bank [5]. - The board has urged the management to expedite the unfreezing of stocks and to implement the restructuring plan to secure operational funds [5].