---
title: "000980, internal strife escalates! Shareholders propose to dismiss three directors! The company has incurred losses for 7 consecutive years, with a debt-to-asset ratio close to 99%"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/290402395.md"
description: "ZOTYE (000980) board dispute welcomes new developments. Previously, a proposal to remove the chairman initiated by three directors of ZOTYE was rejected by the board. Just a few days later, the company's shareholders quickly put forward a removal proposal, directly targeting those leading the push for a change in leadership"
datetime: "2026-06-22T07:58:24.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/290402395.md)
  - [en](https://longbridge.com/en/news/290402395.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/290402395.md)
---

# 000980, internal strife escalates! Shareholders propose to dismiss three directors! The company has incurred losses for 7 consecutive years, with a debt-to-asset ratio close to 99%

ZOTYE (000980) board dispute welcomes new developments. Previously, a proposal to remove the chairman initiated by three directors of ZOTYE was rejected by the board. Just a few days later, the company's shareholders quickly put forward a removal proposal, directly targeting those leading the push for a change in leadership

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