Evergrande Auto has announced that its indirect wholly-owned subsidiary, National Electric Vehicle Sweden AB (NEVS), entered into a share and promissory note sale agreement on November 25, 2024. Pursuant to the terms of the agreement, NEVS has agreed to transfer a 20% stake in its company to the buyer for a total sum of SEK 60 million (approximately HK$43.78 million). Furthermore, NEVS has also agreed to sell promissory notes with a principal amount totaling SEK 60 million to the note buyer, who concurrently holds a 45% stake in the share buyer. Notably, the total consideration for the sale of these notes amounts to SEK 30 million (approximately HK$21.89 million).