Zotye Automobile: Bank becomes largest shareholder after judicial auction

Zotye Automobile announced on October 22, 2025, that 191,231,049 shares, representing 3.79% of its total share capital held by Jiangsu Deep Business Holdings Group, were transferred to Jilin Jiutai Rural Commercial Bank Changchun Branch through a judicial auction. This transfer, completed on October 21, 2025, followed a prior failed auction on October 1, 2025.

As a result of this acquisition, Jilin Jiutai Rural Commercial Bank's total shareholding in Zotye Automobile increased from 456,104,553 shares (9.05%) to 647,335,602 shares (12.84%), making it the company's largest shareholder. Consequently, Zotye Automobile's controlling shareholder status changed from Jiangsu Deep Business Holdings to no controlling shareholder, as no single entity now holds over 30% of the shares.

The company clarified that the change in shareholding will not impact its daily operations or decision-making.