Xiaokang's shares are planned to be renamed "Selis" to continue to deeply cultivate the field of new energy vehicles

On July 11, well -off shares (601127, SH) issued an announcement that it plans to change the company's Chinese name from "Chongqing Xiaokang Industrial Group Co., Ltd." to "Selis Group Co., Ltd.". Change to "Selis", the company's securities code "6011127" remains unchanged.

Regarding the reasons for changing the company's name and the abbreviation of securities, the announcement stated that, driven by the two -wheel drive of the market, the new energy vehicle market showed an explosive growth trend. Based on the years of deep cultivation in the industry and in -depth thinking about the development of the automotive industry, the company has laid out the new energy vehicle business in 2016. After years of technical accumulation and continuous research and development investment, the company has A number of technological innovation results have been achieved in the fields of driving, cultivating and forming a pure electric drive intelligent growth platform (DE-I) with independent intellectual property rights. It has formed competitive technology and products in the new energy vehicle field. A technology manufacturing enterprise with new energy vehicle research and development, production and sales as its core business. In order to facilitate investors to accurately understand the current company's positioning, make the company name match the business and strategic planning, and unify the company's brand image and enhance brand value, the company intends to change the company name and adjust the company's securities abbreviation accordingly.

The announcement shows that this change of the company name will promptly apply for change registration with the market supervision and management department after review and approval by the shareholders' meeting, and the final result is subject to the name approved by the market supervision and management department. This change of company securities abbreviations need to be implemented after the approval of the Shanghai Stock Exchange.

From January to June this year, the cumulative production and sales of new energy vehicles in Xiaokang shares were 4,7714 and 45,622, respectively, with a year-on-year increase of 255.12%and 204.51%, respectively. In May, the monthly sales volume of the new energy vehicle in the new energy vehicle of the well -off shares exceeded 10,000 for the first time, and for the first time surpassed the sales of fuel vehicles. Within 4 hours after the AITO asked the M7 press conference, the new car orders have exceeded 20,000.

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