Securities Code: 000980 Securities Abbreviation: Zotye Auto Announcement No.: 2026-040
Zotye Auto Co., Ltd. Announcement on Progress of Litigation and Debt Settlement
The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed herein, and are free from any false records, misleading statements, or material omissions.
Zotye Auto Co., Ltd. (hereinafter referred to as the "Company") has recently reached a settlement with Chongqing Liangshan Construction Investment Group Co., Ltd. and Chongqing Liangshan Construction Development Co., Ltd., and signed a "Debt Settlement Agreement." For the specific details of the case, please refer to the "Announcement on Litigation Status of the Company" (Announcement No. 2024-002), "2024 Half-Year Report" (Announcement No. 2024-036), "2024 Annual Report" (Announcement No. 2025-024), "Announcement on Progress of Litigation of the Company" (Announcement No. 2025-052), "Announcement on Progress of Litigation of the Company" (Announcement No. 2025-056), "2025 Half-Year Report" (Announcement No. 2025-062), and "2025 Annual Report" (Announcement No. 2026-024) previously disclosed on the Juchao Information Network.
This debt settlement matter does not constitute a related-party transaction, nor does it constitute a major asset restructuring as defined by the "Measures for the Administration of Major Asset Restructuring of Listed Companies." The specific details are hereby announced as follows:
I. Main Contents of the Debt Settlement Agreement