Zotye shareholder Zhejiang Merchants Bank reduces stake to 8.89%

浙商银行股份有限公司金华分行 (Zhejiang Merchants Bank 金华 Branch), a significant shareholder in Zotye Automobile (SZSE:000980), has reduced its holdings in the company. Between April 30, 2025, and June 10, 2025, 浙商银行减持 23,317,200 shares via centralized competitive bidding at an average price of CNY2.22 per share, representing 0.46% of Zotye's total share capital.