ZOTYE(SZ:000980) Zheng Quan Zhi Xing·2025-07-09 12:10Core Viewpoint - Zhejiang Commercial Bank's Jinhua Branch has reduced its shareholding in Zhongtai Automobile by 64,319,000 shares, representing a decrease from 8.89% to 7.61% of the total share capital, triggering a change that touches on the 1% integer multiple threshold [1][2]. Summary by Sections Shareholding Reduction Plan - The reduction plan was initially disclosed on March 20, 2025, with a maximum reduction of 1% of the total share capital through centralized bidding or block trading within three months after the announcement [1]. - The actual reduction occurred between April 30, 2025, and June 10, 2025, with a total of 23,317,200 shares sold [1]. Implementation Details - The total shares reduced through centralized bidding amounted to 24,019,000 shares at an average price of 2.13 yuan per share, while 10,000,000 shares were sold at an average price of 1.91 yuan per share through block trading [1]. - The total reduction from July 8, 2025, included 30,300,000 shares sold at an average price of 1.93 yuan per share, leading to a cumulative reduction of 64,319,000 shares, or 1.28% of the total share capital [2]. Compliance and Impact - The reduction aligns with previously disclosed commitments and does not violate any regulations, including the Securities Law and the Management Measures for the Acquisition of Listed Companies [2]. - The shareholding reduction will not lead to a change in control of the company and will not significantly impact its operations [2].