Zotye Automobile shareholder's auctioned shares transfer to new buyer

Zotye Automobile Co., Ltd. announced on September 25, 2025, that 6,736,758 shares of the company’s stock, previously held by its controlling shareholder, Jiangsu Sincerity Holdings Group Co., Ltd., have been successfully transferred following a judicial auction. The shares, representing 0.13% of the company's total share capital, were acquired by Xinyu High-tech Zone Yigudingyuan Enterprise Consulting Center (Limited Partnership) in a second judicial auction. This transfer was confirmed through the China Securities Depository and Clearing Corporation Limited Shenzhen Branch system.

As of the announcement date, Jiangsu Sincerity and its concerted parties collectively hold 693,194,143 shares, or 13.75% of Zotye Automobile's total share capital. All shares held by Jiangsu Sincerity and its concerted parties remain subject to judicial freezing orders.

The company highlighted that the judicial auction is a result of mandatory judicial enforcement, and any actual changes are subject to the final execution by the courts. The company will continue to monitor the progress of these matters. Investors are advised to exercise caution and be aware of potential risks.