In response to the removal of its logo from the Shanghai headquarters, Neta Auto explained that this action was a result of the lease expiration and an imminent relocation. Regarding the rumors concerning the collapse of the debt-for-equity swap plan and the potential motion by state-owned shareholders to remove the founder, Neta Auto categorically denied these claims. The company stressed that the debt-for-equity swap was a strategic self-rescue measure, and emphasized that state-owned shareholders are actively collaborating to save the company. Fundraising initiatives continue, though no new developments have been announced at this time.