Core Viewpoint - The company has decided to halt the sale of certain idle fixed assets and the debt restructuring plan involving its wholly-owned subsidiary, Zhejiang Shenkang Body Automotive Mould Co., Ltd. [1] Group 1: Asset Sale and Debt Restructuring - On September 30, 2025, the company's board approved a proposal to sell part of the idle production lines and equipment of its subsidiary to creditor Shenzhen Lixun Industrial Co., Ltd. for a total of 30.6 million yuan [1] - A tripartite debt restructuring agreement was signed, allowing the company to use the proceeds from the asset sale to offset its debts to Lixun Industrial [1] Group 2: Decision to Halt Actions - On October 12, 2025, the company held its eighth board meeting of the 2025 fiscal year and resolved to stop the disposal of the idle fixed assets and the debt restructuring plan [1] - The decision to halt these actions was made based on the company's operational and strategic development needs [1]

Core Viewpoint - The company has decided to halt the sale of certain idle fixed assets and the debt restructuring plan involving its wholly-owned subsidiary, Zhejiang Shenkang Body Automotive Mould Co., Ltd. [1] Group 1: Asset Sale and Debt Restructuring - The board of directors approved a proposal on September 30, 2025, to sell idle production lines and equipment from the subsidiary to creditor Shenzhen Lixun Industrial Co., Ltd. for a total of 30.6 million yuan [1] - A tripartite debt restructuring agreement was signed, allowing the company to pay the asset purchase amount on behalf of Lixun Industrial to offset its debt [1] Group 2: Decision to Halt Actions - On October 12, 2025, the company held its eighth board meeting of the 2025 fiscal year and resolved to stop the disposal of the idle fixed assets and the debt restructuring plan [1] - The decision to halt these actions was made based on the company's operational and strategic development needs [1]

Core Viewpoint - The company, Zotye Automobile, is selling part of its idle production lines and equipment from its wholly-owned subsidiary, Zhejiang Shenkang Body Automobile Mould Co., Ltd, to Shenzhen Lixun Industrial Co., Ltd for a total bid amount of 30.6 million yuan, which accounts for 13.03% of the company's latest audited net assets [1] Group 1 - The company is utilizing a bidding process to find potential buyers for its idle assets [1] - The selected buyer for the assets is Shenzhen Lixun Industrial Co., Ltd [1] - The total bid amount for the disposed assets is 30.6 million yuan, including tax [1]

Group 1 - The core point of the news is that Zhongtai Automobile announced the sale of idle fixed assets and debt restructuring, with a total bid amount of 30.6 million yuan, which represents 13.03% of the company's latest audited net assets [1] - The company has completed asset sales totaling 21.83 million yuan in 2025, and after this transaction, the cumulative asset sales will reach 52.43 million yuan, accounting for 22.33% of the latest audited net assets [1] - In the first half of 2025, Zhongtai Automobile's revenue composition was 55.19% from transportation equipment manufacturing and 44.81% from metal furniture manufacturing [1] Group 2 - As of the announcement date, Zhongtai Automobile's market capitalization is 18 billion yuan [1]

Core Viewpoint - The company has entered into a debt restructuring agreement with Shenzhen Lixun Industrial, involving the sale of idle production lines and equipment for 30.6 million yuan, which will be used to offset the company's debt to Lixun Industrial [1] Group 1: Transaction Details - The transaction involves the sale of fixed assets from the company's wholly-owned subsidiary, ShenKang Vehicle Body, to Lixun Industrial for a total of 30.6 million yuan, including tax [1] - The debt restructuring does not constitute a related party transaction or a major asset restructuring as defined by the regulations for listed companies [1] Group 2: Financial Impact - The transaction is expected to enhance the company's asset utilization efficiency and unlock asset value, addressing the company's debt issues [1] - The transaction will not have a significant impact on the company's current and future financial status and operating results [1]