Wuling Motors Suspends Bill Discounting Service After Listing Rule Breach

Wuling Motors (00305) said its indirectly non-wholly owned subsidiary Wuling Liuji signed a bill discounting agreement with Liuzhou Bank on March 25, 2026, under which the bank would provide up to RMB 200 million in bank acceptance bill discounting services, according to ETNet. The company said the arrangement did not comply with the Listing Rules because Liuzhou Bank is a connected person and the service could be regarded as security for financial assistance. The related discounting service has been suspended immediately. Wuling Motors added that it has arranged external legal counsel to provide targeted compliance training for directors and management, and will regularly review its internal control system to prevent similar incidents from recurring.