Zotye Automobile secures 38m yuan loan for operations

Zotye Automobile Co., Ltd. announced on December 12, 2025, that its board of directors approved a borrowing of up to 38m yuan from Shenzhen Anjixuan Technology Co., Ltd. The loan aims to meet daily production and operational needs, supplement the company's working capital, and address interim financial pressure.

The loan contract specifies a fixed monthly interest rate of 0.5% and a repayment period not exceeding six months, with a single principal and interest payment upon maturity. Overdue payments will incur an additional monthly interest rate of 0.5%. The borrowing, considered an unrelated party transaction, does not constitute a connected transaction or a major asset restructuring.

The board of directors unanimously approved the proposal. The company believes this transaction will not adversely affect its sustainable development, as the interest rate was determined through mutual agreement based on market principles.