Hozon New Energy Automobile Co., Ltd. (the parent company of Neta Auto) has released an announcement, publicly inviting investors to participate in shared-benefit debt financing from the general public. The total planned amount for this financing round is capped at RMB 100 million. The final outcome of investor recruitment will hinge on the applications submitted by investors, with the administrator making the ultimate decision. It's important to note that this financing initiative pertains to shared-benefit debt. Consequently, expenses such as loan principal and interest will be duly acknowledged under the law as shared-benefit debts of the debtor.
