Zhitong Financial App News, China Huaxing (00485) announced that, as at the date of this announcement, after the Directors have made all reasonable enquiries to the receiver, to the best of the Directors' knowledge, the receiver has discussed with the potential purchaser the main terms of the sale of the charged shares, subject to further negotiations and various internal procedures and has not entered into any legally binding agreement.
Apart from the above, the company has not received any news or further development information about the shares charged.