Zotye Automobile (000980.SZ) suspended the disposal of some idle fixed assets of its subsidiary and debt restructuring matters.

Zotye Automobile (000980.SZ) announcement, the board of directors previously approved the proposal on September 30, 2025 to sell part of the idle fixed assets of the company's subsidiary and debt restructuring, and agreed to sell part of the idle production lines and equipment, and other fixed assets of the wholly-owned subsidiary Zhejiang Shenzhen Kangshen Automobile Body Automotive Mold Co., Ltd. (referred to as "Shenzhen Kangshen") to the company's creditor Shenzhen Lixun Industry Co., Ltd. (referred to as "Lixun Industry"). The company signed a tripartite debt restructuring agreement with Lixun Industry, and the company will pay the 30.6 million yuan asset purchase price on behalf of Lixun Industry to offset the company's debt to Lixun Industry. The company held the eighth meeting of the 2025 annual ninth extraordinary meeting of the board of directors on October 12, 2025, and approved the proposal of "stopping the disposal of part of the idle fixed assets of the subsidiary and debt restructuring" according to the company's operational and strategic development needs. The board of directors agreed to stop the disposal of the above-mentioned subsidiary's part of the idle fixed assets and debt restructuring.