Zotye Auto announced the progress of proposed changes in some shareholders' shares. As of the announcement date, the controlling shareholder Jiangsu Shenshang and its co-actors held 693,194,143 shares of the company, accounting for 13.75% of the total share capital, and all shares have been judicially frozen. Previously, two judicial auctions of 6,736,758 shares held by Jiangsu Shenshang were sold. Recently, they were transferred to the buyer, Yishu Dingyuan Enterprise Consulting Center in Xinyu High-tech Zone. In addition, it was also announced that the total number of company shares held by controlling shareholders and their co-actors has been judicially auctioned, totaling 786,290,927 shares, accounting for 15.59% of the total share capital. Judicial auctions are mandatory, and it is uncertain whether changes in shares will cause changes in controlling shareholders. The company will continue to monitor and supervise the disclosure of information to remind investors to be aware of the risks.

Zotye Auto announced the progress of proposed changes in some shareholders' shares. As of the announcement date, the controlling shareholder Jiangsu Shenshang and its co-actors held 693,194,143 shares of the company, accounting for 13.75% of the total share capital, and all shares have been judicially frozen. Previously, two judicial auctions of 6,736,758 shares held by Jiangsu Shenshang were sold. Recently, they were transferred to the buyer, Yishu Dingyuan Enterprise Consulting Center in Xinyu High-tech Zone. In addition, it was also announced that the total number of company shares held by controlling shareholders and their co-actors has been judicially auctioned, totaling 786,290,927 shares, accounting for 15.59% of the total share capital. Judicial auctions are mandatory, and it is uncertain whether changes in shares will cause changes in controlling shareholders. The company will continue to monitor and supervise the disclosure of information to remind investors to be aware of the risks.