Zotye Auto announced that the company's subsidiaries Yongkang Zotye, Zotye New Energy Yongkang Branch, and Zotye Manufacturing signed an idle inventory asset transaction contract with Xuzhou Penglida Renewable Resources Recycling Co., Ltd., with a total transaction amount of 5.51 million yuan. The target was parts for discontinued models. The transaction was auctioned at a starting price of 2.7 million yuan on the JD asset trading platform, with a total assessed value of 2.676,700 yuan. This transaction does not constitute a related transaction or major asset restructuring, and does not need to be submitted to the shareholders' meeting for review. It is expected to have a positive impact on the company's performance in the current period.

Zotye Auto announced that the company's subsidiaries Yongkang Zotye, Zotye New Energy Yongkang Branch, and Zotye Manufacturing signed an idle inventory asset transaction contract with Xuzhou Penglida Renewable Resources Recycling Co., Ltd., with a total transaction amount of 5.51 million yuan. The target was parts for discontinued models. The transaction was auctioned at a starting price of 2.7 million yuan on the JD asset trading platform, with a total assessed value of 2.676,700 yuan. This transaction does not constitute a related transaction or major asset restructuring, and does not need to be submitted to the shareholders' meeting for review. It is expected to have a positive impact on the company's performance in the current period.