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Recently, certain media outlets have claimed that the logo of NIO Inc.'s Shanghai headquarters has been removed, the "debt-for-equity swap" plan has faltered, and state-owned shareholders are planning to remove the founder, Chairman, and CEO Fang Yunzhou. NIO Inc. has largely refuted these allegations. A company insider clarified that the "debt-for-equity swap plan" is a corporate self-rescue initiative without performance benchmarks or entanglements in unrelated matters. Regarding the rumor of a state-owned shareholder-led board meeting to dismiss Fang Yunzhou, the insider categorically stated, "This does not exist," and emphasized that state-owned shareholders are collaborating with the company to navigate its challenges. On the financing front, the insider affirmed that funding efforts are ongoing but noted that no new developments have been achieved as yet.
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