Core Viewpoint - The Zhengzhou Zhongyuan Porsche Center has suspended operations due to financial issues faced by its parent company, Dong'an Holdings Group, which has led to the termination of its dealership agreement with Porsche China effective December 31, 2025 [1][1]. Group 1: Company Operations - Multiple car owners reported receiving notifications from Porsche China regarding the termination of the dealership at Zhengzhou Zhongyuan Porsche Center [1]. - The center's parent company, Dong'an Holdings, announced the suspension of operations for multiple dealerships, including Zhengzhou Zhongyuan Porsche and Guiyang Mengguan Porsche, due to operational difficulties [1][1]. - Dong'an Holdings stated that it is not abandoning its responsibilities and has formed a professional team to address the situation and work towards normal operations [1][1]. Group 2: Customer Impact - Customers have been informed that their vehicle service needs and warranty services can be transferred to nearby Porsche centers [1]. - Porsche China is actively communicating with affected customers regarding issues related to vehicle orders and deposits, aiming to find reasonable and legal solutions [1][1]. - Customers impacted by after-sales service disruptions can still utilize services at other authorized Porsche centers [1].

Core Viewpoint - The Zhengzhou Zhongyuan Porsche Center is set to terminate its dealership operations by December 31, 2025, due to the termination of its authorization agreement, raising concerns among Porsche owners and consumers [1][3]. Group 1: Company Response - Porsche China has expressed its high concern regarding the operational anomalies at the Zhengzhou Zhongyuan Porsche Center and is currently collaborating with police and relevant departments to verify the facts on-site [1][3]. - The company has apologized sincerely for the inconvenience and worries caused to customers and is committed to handling the situation properly while prioritizing consumer rights [1][3]. Group 2: Employee and Operational Status - The dealer, Dong'an Holdings, announced that the Zhengzhou Zhongyuan Porsche Center has suspended operations, with all employees on leave, and the specific date for resuming operations is yet to be determined [1][3]. - During the leave period, employee salaries (excluding outsourced labor) will be temporarily paid at the local minimum living standard [1][3]. Group 3: Customer Service and Support - Following the termination of dealership operations, customers can continue to access their client profiles and after-sales service needs at the nearby Zhengzhou Zhengkai Porsche Center [2][4]. - Porsche China is actively communicating with involved parties and credit banks to explore reasonable and legal solutions to minimize customer losses related to new vehicle documentation and deposits [2][4]. - Customers who have purchased or received vouchers or after-sales service products limited to the Zhengzhou Zhongyuan Porsche Center or Dong'an Group are advised to contact the center or Dong'an Group for follow-up solutions [2][4].

Core Viewpoint - Porsche China has terminated its dealership agreements with Zhengzhou Zhongyuan and Guiyang Mengguan Porsche Centers due to serious violations of the dealership agreement and applicable laws, which have harmed the rights of Porsche China and its customers, as well as the brand's reputation [1] Group 1 - The dealership agreements with Zhengzhou Zhongyuan and Guiyang Mengguan Porsche Centers were officially terminated on December 31, 2025, and Porsche China reserves the right to take further legal action [1] - Customers of Zhengzhou Zhongyuan Porsche Center received notifications indicating the termination of dealership operations due to the end of the authorized agreement [1] - The operational issues at Zhengzhou Zhongyuan and Guiyang Mengguan Porsche Centers were attributed to financial problems faced by the investor, Dong'an Holdings Group [4] Group 2 - Currently, the only remaining Porsche dealerships in Henan are Zhengzhou Zhengkai Porsche Center, and in Guiyang, only the Guanshanhu Porsche Center remains operational [2] - Porsche China is actively working to resolve issues for customers who have ordered vehicles or are affected by service disruptions, ensuring they can still access services at other Porsche centers [4][5] - Dong'an Holdings Group acknowledged operational difficulties and announced a temporary closure of its stores, admitting to issues such as unpaid employee wages and customer deposits [5]

Core Viewpoint - The closure of the Zhengzhou Zhongyuan Porsche Center and the Guiyang Mengguan Porsche Center is a result of serious violations of the dealer agreement and applicable laws, leading to significant damage to Porsche China's reputation and customer rights. Porsche China has terminated the dealer agreements effective December 31, 2025, and reserves the right to take further legal action [1]. Group 1 - Porsche China has confirmed that the only remaining Porsche centers in Henan are the Zhengzhou Zhengkai Porsche Center, while in Guiyang, only the Guanshanhu Porsche Center remains operational [3]. - The initial incident began on December 23, 2025, when customers reported that the Zhengzhou Zhongyuan Porsche Center's showroom was emptied overnight, preventing customers from picking up their vehicles and redeeming service packages [5]. - The operational issues at the Zhengzhou Zhongyuan and Guiyang Mengguan Porsche Centers are attributed to financial problems faced by the investor, Dong'an Holdings Group [5]. Group 2 - Porsche China is actively working to resolve issues for customers affected by the closure, including communicating with banks and the involved parties to find legal solutions for customers with ordered vehicles and those impacted by service disruptions [6]. - Customers can continue to use their service packages and warranties at nearby Porsche centers, and those needing to transfer services must contact customer service by January 6, 2026 [6]. - Dong'an Holdings Group has acknowledged operational difficulties and has announced a temporary suspension of business at the affected centers, admitting to issues such as unpaid employee wages and customer deposits [6].