Zotye shares face continued judicial freeze amid ownership uncertainty

Zotye Automobile (SZSE: 000980) faces continued challenges as judicial freezes persist on shares held in the special account for the disposal of bankrupt enterprise property. The company announced that 336,514,585 shares in the disposal account remain frozen, with a portion of these shares potentially allocated to other creditors under the approved reorganization plan. A recent ruling from the Yongkang People's Court in Zhejiang Province, prompted by a request from China Zheshang Bank (Jinhua Yongkang Branch), freezes CNY 27,044,465.99 in bank deposits and the aforementioned shares held under account number 0899306249, totaling CNY 327,044,465.99.