000980SZSE
🚨 Material Event

Announcement on Progress of Litigation Matters

Zotye Automobile Co., Ltd.··3 pages

✨ AI Summary

This announcement details the progress of a litigation matter involving Zotye Auto and Shenzhen Lixun Industrial Co., Ltd. The court has ordered the forced sale of 43,684,879 shares from Zotye Auto's asset disposal account to repay a loan of RMB 78.2 million plus interest. The sale will be conducted via centralized bidding within 30 trading days.

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Full Translation

AI Translation· gemini_document

Securities Code: 000980

Securities Abbreviation: Zotye Auto

Announcement Number: 2026-056

Zotye Automobile Co., Ltd.

Announcement on Progress of Litigation Matters

The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and contains no false records, misleading statements, or major omissions.

Zotye Automobile Co., Ltd. (hereinafter referred to as the "Company" or "Zotye Auto") recently received the "Execution Ruling" [ (2026) Yue 0303 Exec 14947 No. 1] issued by the Shenzhen Luohu District People's Court of Guangdong Province. For the previous situation of this case, please refer to the announcements disclosed by the Company on the CNINFO website (www.cninfo.com.cn) on May 29, 2026, titled "Announcement on Progress of Litigation Matters" (Announcement Number: 2026-036); and on May 12, 2026, titled "Announcement on Judicial Freezing of Part of the Shares in the Asset Disposal Account of the Company's Bankrupt Enterprise" (Announcement Number: 2026-034).

The content of the "Execution Ruling" is hereby announced as follows:

I. Basic Case Information

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