Core Viewpoint - The resignation of the chairman of Zotye Automobile, Li Lizhong, due to personal family reasons, will not affect the normal operation of the board or the daily business of the company [1] Group 1 - Li Lizhong has applied to resign from his positions as chairman, director, and chairman of the strategic committee and nomination committee [1] - The company will promptly complete the election of a new chairman and fulfill its information disclosure obligations [1] - The board has nominated Han Biwen as a candidate for a non-independent director for the ninth board, with a term starting from the date of approval by the shareholders' meeting until the ninth board's term ends [1]

Core Viewpoint - The sudden resignation of Li Lizhong as chairman of Zotye due to personal family reasons raises concerns about the company's stability and future prospects, especially given his short tenure of just two months and the company's dire financial situation [1][3]. Group 1: Leadership Changes - Li Lizhong, a veteran from the Chery system with 21 years of experience, was appointed chairman of Zotye in late October 2023 but resigned on December 29, 2023 [1][3]. - The management team at Zotye is heavily influenced by the Chery system, with several key positions held by former Chery executives, indicating a strategic alignment or takeover [5]. - Following Li's resignation, Zotye has nominated Han Biwen, the current president, as a candidate for the chairman position, suggesting an attempt to maintain continuity in leadership [10][12]. Group 2: Financial Performance - Zotye reported a loss of 223 million yuan for the first three quarters of 2025, with a net asset value of only 19.72 million yuan and a staggering debt-to-asset ratio of 99.41%, indicating a near insolvency situation [5]. - The company has faced severe operational challenges, with only 14 vehicles sold in 2024 and no production of complete vehicles planned for 2025, relying instead on the sale of parts [7]. - Zotye has acknowledged a lack of operational funds, which has hindered its ability to resume vehicle production, leading to a situation where production lines are nearly inactive [7]. Group 3: Market Expectations and Collaborations - Initial market expectations regarding a partnership with Chery have been publicly denied by Zotye, which has further dampened investor sentiment and speculation about potential recovery [10]. - The company's current strategy appears to be focused on managing its existing resources rather than pursuing new vehicle production, raising questions about its long-term viability [7][10].

Core Viewpoint - The resignation of Li Lizhong as chairman of Zotye Auto is a significant leadership change, occurring only two months after his appointment, but the company asserts that it will not impact its operations or board functionality [1][4][3]. Group 1: Leadership Changes - Li Lizhong has resigned from his positions as chairman and director of Zotye Auto due to personal family reasons, effective immediately [1]. - Li Lizhong had a brief tenure as chairman, having been appointed on October 30, and previously held a significant role at Chery Automobile [3]. - The board has nominated Han Biwen as a non-independent director candidate, who has a 23-year background in the Chery system and recently became the president of Zotye Auto [6]. Group 2: Company Performance and Financial Status - Zotye Auto has faced continuous losses for six years, with a bankruptcy restructuring initiated in September 2020 due to insolvency [7]. - The company reported a revenue of approximately 419 million yuan and a net loss of 223 million yuan for the first three quarters of 2025, with a staggering debt ratio of 99.41% [7]. - Production and sales of vehicles have significantly declined, with production figures of 524 units in 2022, 1,108 units in 2023, and none projected for 2024 [7]. Group 3: Financial Strategies and Funding - To address liquidity issues, Zotye Auto has entered into a loan agreement for up to 38 million yuan with Shenzhen Anjixuan Technology Co., with a fixed monthly interest rate of 0.5% [10]. - The company has received a credit line of 500 million yuan from Zhejiang Yongkang Rural Commercial Bank, aimed at alleviating short-term financial pressures [10]. - Zotye Auto has reached a settlement in a legal dispute with Shanghai Automotive Transmission Co., receiving 29 million yuan, which will be used to bolster working capital [12].

Group 1 - The chairman of Zotye Auto, Li Lizhong, has resigned due to personal family reasons, stepping down from his roles as chairman, director, and member of the board's strategic and nomination committees [1] - Zotye Auto has announced that it will not produce any complete vehicles this year [1]

Group 1 - The chairman of Zotye Auto, Li Lizhong, has resigned due to personal family reasons, and the company has nominated Han Biwen as a candidate for a non-independent director of the ninth board of directors [2] - Li Lizhong submitted a written resignation report to the board, resigning from all positions including chairman, director, and committee roles, and will no longer hold any position in the company [2] - As of the announcement date, Li Lizhong does not hold any shares in the company and has no unfulfilled commitments [2] Group 2 - Han Biwen, born in April 1978, has extensive experience in the automotive industry, having held various positions at Chery Automobile Co., Ltd. and other companies [3] - Han Biwen does not hold any shares in Zotye Auto and has no relationships with shareholders or other board members [3] - The nomination of Han Biwen as a non-independent director is set to take effect from the date of approval by the shareholders' meeting until the end of the ninth board's term [2]

【#众泰汽车董事长上任两个月后辞职#】12月29日，众泰汽车公告，公司董事长李立忠因个人家庭原因 申请辞去董事长、董事职务，同时辞去董事会战略委员会主任委员、提名委员会委员职务。李立忠的辞 职不会导致公司董事会成员低于法定最低人数，不会影响公司董事会的正常运行，亦不会对公司的日常 经营产生不利影响，辞职报告自送达董事会之日起生效。此外，公司董事会提名韩必文为第九届董事会 非独立董事候选人，任期自股东会审议通过之日起至第九届董事会届满之日止。 此前10月30日，众泰汽车新董事会正式履职，李立忠任董事长。直到此次离职，李立忠担任众泰汽车董 事长仅两个月时间。 12 月 29 目, 公司董事长李立忠因个人家庭原因申请辞去董 事长、董事职务,同时辞去董事会战略委员会 主任委员、提名委员会委员职务。李立忠的辞 职不会导致公司董事会成员低于法定最低人 数,不会影响公司董事会的正常运行,亦不会 对公司的日常经营产生不利影响，辞职报告自 送达董事会之日起生效。此外,公司董事会提 名韩必文为第九届董事会非独立董事候选人, 任期自股东会审议通过之日起至第九届董事会 届满之日止。 此前10月30日,众泰汽车新董事会正式履 职,李立 ...

图片来源：视觉中国 12月29日，众泰汽车（000980.SZ）发布公告称，公司董事长李立忠因个人家庭原因申请辞去董事长、 董事职务，同时辞去董事会战略委员会主任委员、提名委员会委员职务。李立忠的辞职不会导致公司董 事会成员低于法定最低人数，不会影响公司董事会的正常运行，亦不会对公司的日常经营产生不利影 响，辞职报告自送达董事会之日起生效。此外，公司董事会提名韩必文为第九届董事会非独立董事候选 人，任期自股东会审议通过之日起至第九届董事会届满之日止。 韩必文现任众泰汽车总裁，在奇瑞汽车有着多年工作经历。官方简历显示，韩必文2001年7月—2015年9 月就职于奇瑞汽车股份有限公司，担任制造中心副总经理职务；2015年9月—2016年12月就职于奇瑞捷 豹路虎汽车有限公司（奇瑞集团外派），担任制造执行副总裁 ；2016年12月—2020年9月就职于观致汽 车有限公司（奇瑞集团外派），担任制造和质量副总裁、常熟基地总经理；2020年9月—2024年4月就职 于奇瑞汽车股份有限公司担任制造事业部总经理；2024年4月—2025年10月就职于开沃新能源汽车有限 公司担任联席CEO兼国际营销中心总经理。 值得注意的是， ...

Core Viewpoint - The recent leadership changes at Zotye Auto reflect the company's severe survival crisis, with financial instability and operational challenges looming large. Group 1: Leadership Changes - Li Lizhong has resigned from his positions, including Chairman and Director, citing "personal family reasons," while the current president, Han Biwen, has been nominated to fill the vacancy [2][4]. - Han Biwen, who has a long history within the Chery system, is seen as a stabilizing figure amidst the turmoil at Zotye Auto [3][6]. Group 2: Financial Situation - As of the third quarter of 2025, Zotye Auto reported a net asset of only 19.72 million yuan, with total liabilities reaching 3.37 billion yuan, resulting in an asset-liability ratio of 99.41% [6]. - The company has accumulated losses exceeding 25.3 billion yuan from 2019 to the third quarter of 2025, and its total vehicle sales for 2024 were a mere 14 units [6]. Group 3: Operational Challenges - Since its bankruptcy restructuring in 2021, Zotye Auto has not resumed vehicle production due to a lack of operational funds [6]. - Han Biwen's primary challenge will be to lead Zotye towards actual resumption of production, leveraging his extensive experience in manufacturing and quality management [6][7]. Group 4: Market Position and Future Outlook - Despite its challenges, Zotye Auto retains production capacity for 300,000 vehicles annually and has some overseas business resources, such as a 1,200 vehicle order in Algeria [6]. - The market had previously speculated about a potential restructuring involving Chery and BBK, but Zotye has clarified that there is currently no collaboration with these entities, leaving its future direction uncertain [7].

Group 1: Major Asset Restructuring and Transactions - WISCO Development plans to acquire equity stakes in WISCO Mining and Luzhong Mining through asset swaps, share issuance, and cash payments, with a suspension of trading starting December 30, 2025, expected to last no more than 10 trading days [1] - Unigroup Guowei is planning to purchase controlling or all equity of Ruineng Semiconductor through share issuance and cash payments, with trading suspension also starting December 30, 2025 [2] Group 2: Regulatory and Compliance Issues - *ST Panda has been investigated by the China Securities Regulatory Commission for suspected violations of information disclosure laws, with the company stating that its operations will continue normally during the investigation [3] Group 3: Stock Price Movements and Trading Suspensions - Victory Energy's stock price increased by 213.97% from December 12 to December 29, 2025, leading to a trading suspension for verification starting December 30, 2025, expected to last no more than 3 trading days [5] - Trading suspensions for WISCO Development, Unigroup Guowei, and Victory Energy will commence on December 30, 2025 [14] Group 4: Financing and Capital Raising - Chang'an Automobile plans to issue A-shares to specific investors at a price of 9.52 yuan per share, raising up to 6 billion yuan for projects related to new energy vehicles and global R&D center construction [4] - Beimo High-tech aims to raise up to 1.97 billion yuan through a private placement to fund capacity expansion and other projects [4] - Tianqi Co. plans to raise up to 977 million yuan for the construction of an intelligent manufacturing base for automotive equipment [4] Group 5: Strategic Partnerships and Investments - Huihan Co. has signed a partnership agreement with Huafu Capital to jointly invest in a commercial aerospace enterprise, with Huihan contributing 68.25 million yuan [6] - Ningbo Huaxiang has entered a strategic cooperation agreement with Qianxing Future to enhance collaboration in the development and manufacturing of quadruped robots [7]

Core Viewpoint - The resignation of Li Lizhong, the chairman of Zotye Auto, after only two months in office, raises concerns about the company's leadership stability and ongoing operational challenges, as the company struggles to revive its production and sales [1][3][10]. Group 1: Leadership Changes - Li Lizhong resigned from his positions as chairman and director of Zotye Auto due to personal family reasons, having served only two months since his appointment on October 30 [1][3]. - The company has nominated Han Biwen as a candidate for the non-independent director position, with his term starting upon approval at the shareholders' meeting [3][12]. - Han Biwen has extensive experience in the automotive industry, having held various positions at Chery Automobile and is expected to bring valuable expertise to Zotye Auto [4][15]. Group 2: Company Performance - Zotye Auto has faced significant operational difficulties, with production and sales of complete vehicles nearly halted; the company sold only 14 vehicles last year [1][7]. - The company has reported continuous losses since 2019, with a total of six years of losses, and declared bankruptcy reorganization in September 2020 due to insolvency [7][16]. - The latest financial report indicates that for the first three quarters of this year, Zotye Auto generated revenue of 419 million yuan, an increase of 8.98% year-on-year, but still reported a net loss of 223 million yuan, which is a 33.13% increase in losses compared to the previous year [9][19]. Group 3: Market Position and Future Outlook - Zotye Auto's main revenue sources have shifted to components like automotive instrument parts and stamping welding parts, while complete vehicle production has stagnated [7][16]. - The company has not resumed vehicle production this year due to a lack of operational funds, indicating ongoing financial challenges [18].