According to Yinshi Finance, Nezha Auto held a supplier conference today to discuss a debt-to-equity swap plan for some suppliers. The plan was supported by most suppliers. Some media reported that Nezha Auto introduced the current progress of its E-round financing to suppliers at this conference. The E-round financing totaled 3 billion yuan and was originally scheduled to be delivered at the end of March this year, but due to the current high debt risk of Nezha Auto, it was postponed to April. In response, Nezha Auto responded that there is no progress in financing to disclose. At the same time, in response to reports that Nezha Auto will transform into a service provider after the financing is completed, Nezha said, "There is no such statement."