Zotye Automobile shares face auction uncertainty, ownership shifts

As of October 9, 2025, Zotye Automobile announced that its controlling shareholder, Jiangsu Shengsheng Holding Group Co., Ltd., and its concerted parties hold 562,940,112 shares, representing 11.16% of the company's total share capital. A substantial block of 191,231,049 shares (3.79% of total share capital) held by Jiangsu Shengsheng was judicially auctioned, resulting in a flow-bid.

Additionally, 130,254,021 shares (2.58% of total share capital) held by Jiangsu Shengsheng also resulted in a flow-bid in a second judicial auction. However, Zotye Automobile recently confirmed that these 130,254,021 shares have been transferred to Jilin Hou Tulande Investment Co., Ltd. The company has not yet received a final enforcement ruling from the court regarding this transfer.

All shares held by Jiangsu Shengsheng and its concerted parties are currently judicially frozen. The company reiterates that actual changes will be subject to final court execution, and there is uncertainty regarding whether these share changes will alter the company's controlling shareholder.