Securities code: 000980 securities abbreviation: * ST Zhongtai Announcement No.: 2022-004
Zotye Automobile Co.Ltd(000980) announcement on reorganization progress
The company and all members of the board of directors guarantee that the contents of this announcement are true, accurate and complete without false records, misleading statements or major omissions.
1、 Progress of reorganization
On December 27, 2021, Hunan Jiangnan Automobile Manufacturing Co., Ltd. (hereinafter referred to as Jiangnan manufacturing), a subsidiary of Zhongtai automobile, received the civil ruling served by Changsha intermediate people's Court (hereinafter referred to as Changsha intermediate people's court). Changsha intermediate people's court ruled to approve Jiangnan manufacturing reorganization plan and terminate Jiangnan manufacturing reorganization procedures.
On December 31, 2021, the manager of Jiangnan manufacturing applied to Changsha intermediate people's court for a ruling to confirm that the implementation of Jiangnan manufacturing reorganization plan has been completed.
On December 31, 2021, Jiangnan manufacturing received the civil ruling served by Changsha intermediate people's court, confirming that the reorganization plan of Jiangnan manufacturing has been implemented.
2、 Application for cancellation of delisting risk warning
Since the reorganization plans of the company and its eight subsidiaries have been implemented, the company has applied to Shenzhen Stock Exchange to cancel the delisting risk warning of the company's shares due to the company's reorganization in accordance with article 14.4.13 of the stock listing rules of Shenzhen Stock Exchange. Please pay attention to the announcement of subsequent disclosure of the company. 3、 Special risk tips
1. The company disclosed the full text of the company's 2020 annual report (Announcement No.: 2021-058) on April 29, 2021. The company lost 10.801 billion yuan in 2020 and its net assets at the end of 2020 were -4.423 billion yuan. See securities times, securities daily and cninfo for details（ http://www.cn.info.com..cn. ）。 According to item (II) of article 14.3.1 of the Listing Rules of Shenzhen Stock Exchange (hereinafter referred to as the "Listing Rules"), the audited net assets of the company in 2020 are negative, and the company's shares continue to be subject to "delisting risk warning".
2. The reorganization plans of the eight subsidiaries of Zhongtai automobile have been approved and implemented by the court, and these companies will continue to remain within the scope of the company's consolidated statements. The follow-up implementation of the restructuring plan of eight subsidiaries of Zhongtai automobile may have an impact on the company's long-term equity investment, accounts receivable and other receivables. The company will actively do a good job in daily operation on the existing basis, and timely disclose the progress of the above matters in strict accordance with the relevant provisions of the stock listing rules.
3. Even if the company implements the reorganization and the implementation is completed, if the subsequent operation and financial indicators of the company do not meet the requirements of relevant regulatory regulations such as the stock listing rules, the company's shares still have the risk of delisting risk warning or delisting.
The board of directors of the company will continue to pay attention to the progress of reorganization and disclose it in strict accordance with the stock listing rules and other relevant laws, regulations and rules. The company reminds investors that the information disclosure media designated by the company are securities times, securities daily and cninfo (www.cn. Info. Com.. CN), All information of the company shall be subject to the information published in the above designated media. Please make careful decisions and pay attention to investment risks.
It is hereby announced.
Zotye Automobile Co.Ltd(000980) board of directors
January 6, 2002
