Zotye Motors receives regulatory letter from Shenzhen Stock Exchange.

Zotye Automobile received a regulatory letter from the Shenzhen Stock Exchange. According to the restructuring plan of Zotye Automobile Co., Ltd., the company is required to repay 10%, 20%, 30%, and 40% of the principal of the restructured debt on December 21, 2023, December 21, 2024, December 21, 2025, and December 21, 2026, respectively. On December 21, 2025, Zotye Automobile and its subsidiaries had a total of RMB 69,461,100 in outstanding debt principal, which was not disclosed by the company until January 27, 2026. The company's actions violated the relevant provisions of the Stock Listing Rules of the Shenzhen Stock Exchange, including Article 1.4, Article 2.1.1, and Article 7.7.7, which require the timely disclosure of other major events. The then Chairman Li Lizhong and General Manager Han Biwen of the company failed to fulfill their duties and faithful obligations, violating Article 1.4, Article 2.1.2(1), and Article 4.3.1(1) of the Stock Listing Rules of the Shenzhen Stock Exchange, and are mainly responsible for the company's violations. The then Secretary of the Board of Directors, Wang Yian, also failed to fulfill his duties and faithful obligations, violating Article 1.4, Article 2.1.2(1), Article 4.3.1(1), and Article 4.4.2 of the Stock Listing Rules of the Shenzhen Stock Exchange, and is mainly responsible for the company's violations.