IM Motors Responds to Rumors of Dealer Defaults

[Corporate Statement] IM Motors clarifies that reports of 'dealer defaults in multiple regions' are false rumors and discloses progress on handling the incident.

Core Development: Delivery Disruption Caused by Single Dealer's Cash Flow Breakdown

Yunnan Kunming Zhihe Yuexing experienced a cash flow breakdown due to private lending, affecting vehicle certificate registration and deliveries, and impacting its affiliate Zhuhai Zhihe Yuexing. IM Motors established a dedicated task force on July 8 to intervene on-site and coordinate with local government authorities and financial institutions.

Key Metrics: Full Delivery Completion for Affected Customers by End of July

As of July 17, customer cases were fully reviewed, and certificate issuance resumed starting July 18. The manufacturer fully covered costs upfront to redeem certificates, safeguarding the rights of customers who had already paid; customers with existing orders retain their original pricing and benefits and will receive vehicles through nearby dealerships, with all deliveries expected to be completed by July 26.

Strategic Foundation: Strengthening Delivery Centers to Assume After-Sales Services

Kunming customers have been transferred to the Hengsheng Zhiyuan Delivery Center, while Zhuhai after-sales services are now handled by Anhua Auto, ensuring uninterrupted service for existing vehicle owners.