A few days ago, Evergrande Motor announced that after careful consideration, both the company and Haitong Securities Co., Ltd. agreed to terminate the listing counseling agreement and will report to Shenzhen Supervision Bureau of China Securities Regulatory Commission. Therefore, the proposed issuance of RMB shares will not continue.

On September 18, 2020, Evergrande announced that it planned to issue RMB shares and list them on the Science and Technology Innovation Board of Shanghai Stock Exchange. However, since the beginning of this year, the negative news of Evergrande Group has continued, and Evergrande Automobile has not been spared. On September 24th, Evergrande Automobile announced that due to the company's liquidity problem, the payment of suppliers and project funds for the living space facilities of Evergrande Health Valley and new energy vehicles under the company was delayed, which led to the suspension of some related projects.

At present, the announcement of Evergrande's termination of listing counseling may indicate that Evergrande may terminate its plan of listing in science and technology innovation board.