Zotye Auto: Shareholder changes and asset account developments

Zotye Automobile (SZSE:000980) announced updates regarding proposed changes to its shareholder structure and the status of shares held in its designated asset disposal account. Jiangsu Shenshang, the controlling shareholder with 14.81% stake, faces a judicial auction of 81,147,337 shares (1.61% of total equity). Post-auction, Jiangsu Shenshang's holding will decrease to 13.20%, though it will remain the controlling shareholder.