Zotye Automobile special account shareholding dips below 6%

Zotye Automobile’s special asset disposal account, which manages assets from a bankrupt enterprise, disposed of 41,630,100 shares between December 9 and December 25, 2025. This represents 0.83% of the company's total share capital and occurred through centralized bidding and block trading.

Prior to these disposals, the special account held 334,723,549 shares, equating to 6.64% of the total share capital. Following the latest transactions, the holding decreased to 293,093,449 shares, or 5.81% of the total share capital. This 0.83% reduction resulted in the special account's shareholding dropping by an integer multiple of 1%, necessitating this public announcement.

The disposals were part of a previously disclosed plan to sell up to 3% of the company's total shares, or 151,276,432 shares, within a three-month period starting December 9, 2025. The company confirmed these actions are consistent with the original plan and do not violate relevant securities laws or regulations, nor will they lead to a change in the company's control.