Zotye Auto Repays RMB 385 Million Debt to Two Banks Ahead of Schedule

Zotye Automobile Co., Ltd. (Stock Code: 000980) announced on January 26, 2026, that it has fully repaid all outstanding debts to the Yongkang Branch of Bank of China and the Yongkang Branch of China Construction Bank ahead of schedule, totaling RMB 385 million. The company stated that its related debt obligations have now been fully fulfilled, marking significant progress in optimizing its debt structure and improving its financial condition. This early repayment is expected to enhance the company's credit standing and establish a more solid financial foundation for its future operations and development.