ZOTYE(SZ:000980) Cai Jing Wang·2025-09-15 21:57Core Viewpoint - Recently, Zotye Automobile received a civil judgment from the Zhejiang Provincial High Court regarding a dispute over intellectual property contract with Shanghai Sizh. The court ruled that Zotye must pay a significant amount, which may have a considerable impact on its performance [1]. Summary by Relevant Sections - Legal Proceedings: Zotye Automobile was sued by Shanghai Sizh for payment of licensing fees and overdue interest due to a contract dispute. Zotye countered by seeking to terminate the contract [1]. - Court Rulings: The Jinhua Intermediate Court initially ruled to terminate the contract and dismissed Shanghai Sizh's claims. However, upon appeal, the Zhejiang High Court upheld the termination but ruled that Zotye must pay 29.5 million yuan (approximately 4.5 million USD) plus overdue interest within ten days [1]. - Financial Impact: The final ruling is expected to have a significant effect on Zotye Automobile's financial performance due to the imposed payment [1].