ZOTYE(SZ:000980) Ju Chao Zi Xun·2025-10-14 07:32Core Viewpoint - Zhongtai Automobile announced the decision to halt the planned disposal of certain idle fixed assets and debt restructuring for its subsidiary, based on operational and strategic development needs [2][4]. Event Review - On September 30, Zhongtai Automobile held a board meeting where it approved a proposal to sell certain idle fixed assets and restructure debts involving its wholly-owned subsidiary, Zhejiang Shenkang Body Automobile Mould Co., Ltd. The plan included selling idle production lines and equipment to creditor Shenzhen Lixun Industrial Co., Ltd. A tripartite debt restructuring agreement was signed, with Zhongtai Automobile agreeing to pay 30.6 million yuan on behalf of Lixun Industrial to offset its debt [3]. Reason for Halting - The decision to stop the disposal and debt restructuring is attributed to the company's operational and strategic development needs. The company stated that this halt would not have a significant impact on its current and future financial status and operational results [4].