Car-Sharing company EZZY Announces Dissolution, Begins Liquidation

EZZY, a car-sharing company, announced its shareholders moved to dissolve the company on October 25. It is forming a liquidation group to handle the final sale of its assets.

Business media learned from EZZY staff that CEO Fu Qiang held a meeting and announced the dissolution on October 24. He did not say how the company would discharge staff or handle existing deposits. Users have visited the company office to seek a solution since yesterday.

On October 25, EZZY apologized to users for the inconvenience on its official WeChat account. EZZY said it already terminated its service platform and is tackling remaining issues. The company also said it has formed a liquidation group in line with China’s relevant laws and regulations.

EZZY users received a text message from the company asking them to declare creditor’s rights. The text read, “Users should declare creditor rights to the liquidation group via email within 30 days from the date of this notice. Email must include your name, ID number, registered mobile phone number, refund amount, and a scanned copy of both sides of your ID card. Users should address it to [email protected]. When liquidation group receives it, reviews the content, and confirm accuracy, the group will register creditor’s rights in line with the law.”

But the message did not say whether users would be able to obtain a full refund. EZZY liquidation group said the size of the refund and whether or not there will be one depends on the liquidation process. During liquidation, the company will make decisions about the order in which to settle debts in accordance with relevant laws and regulations.

Users who have been affected can contact Dameng Technology, the liquidation group, at (10) 8219-1835 between 10:30 am and 4:30 pm CST or email to [email protected].

This article originally appeared in Sina Technology and was translated by Pandaily.