Zotye Automobile (000980.SZ): Newly appointed vice president Fan Chengwei will assume the responsibilities of the president.

Zotye Automobile (000980.SZ) announced that the Board of Directors has agreed to appoint Mr. Fan Chengwei as the company's Vice President. His term will start from the date of the Board's resolution until the expiration of the eighth term of the Board of Directors. The Board of Directors has also authorized Mr. Fan Chengwei, Vice President, to perform the duties of the President until the appointment of a new President by the Board of Directors. Mr. Hu Zeyu will no longer perform the duties of the President.