REG - Zhejiang Yongtai - Resumption of Trading of the Company's Stock

Zhejiang Yongtai Technology CoAnnouncement

13/02/2026 14:45

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RNS Number : 0056T  Zhejiang Yongtai Technology Co Ltd  13 February 2026

ZHEJIANG YONGTAI TECHNOLOGY CO., LTD.

(GDR under the symbol: "YTT")

(a joint stock company established under the laws of the People's Republic of
China with limited liability)

Announcement on Termination of the Proposed Issuance of Shares for Asset
Acquisition, Raising of Supporting Funds and Resumption of Trading

Important:

Due to the proposed issuance of shares for asset acquisition, raising of
supporting funds, the suspension and resumption status of the Company's
relevant stock is as follows:

 Stock code  Stock abbreviation  Type of suspension/resumption  Suspension start date  Suspension period  Resumption date
 002326      永太科技                A-shares  suspension           2026/2/9                                  2026/2/24

Zhejiang Yongtai Technology Co., Ltd. (hereinafter referred to as
the"Company") disclosed the Announcement on Trading Suspension in Respect of
the Proposed Issuance of Shares for Asset Acquisition, Raising of Supporting
Funds (Announcement No.: 2026-008) on February 9, 2026. The Company planned to
purchase 25% equity interest in Shaowu Yongtai Hi-tech Material Co., Ltd. held
by Contemporary Amperex Technology Co., Ltd. (hereinafter referred to as
"CATL") by issuing shares and raise supporting funds (hereinafter referred to
as the "Transaction"). Both parties had signed the Equity Acquisition Letter
of Intent regarding the Transaction. The Company's shares (Stock
Abbreviation:永太科技, Stock Code: 002326) were suspended from trading
commencing from the market opening on February 9, 2026. After prudent
consideration, the Company has decided to terminate the planning of the
Transaction, and the Company's shares will resume trading commencing from the
market opening on February 24, 2026.

I. Major Work Conducted During the Promotion of the Transaction

During the planning period of the Transaction, the Company actively promoted
various work related to the Transaction with all relevant parties, and
conducted sufficient communication, consultation, and demonstration on various
matters involved in the transaction plan. Meanwhile, the Company strictly
fulfilled its information disclosure obligations in a timely manner in
accordance with relevant regulations.

II. Reasons for Terminating the Transaction

Since establishing the transaction intention with the counterparty, the
Company promptly organized intermediaries and relevant parties to orderly
advance the Transaction. In view of the failure of all relevant parties to
reach consensus on the transaction plan subsequently, and after comprehensive
consideration of the Company's actual situation and external factors, the
Company has decided to terminate the planning of the Transaction after prudent
assessment and sufficient communication with relevant parties. This
termination will not have any material adverse effect on the Company's
production and operations. The Company will continue to explore and plan
capital operation schemes that meet the Company's development needs when
conditions permit.

III. Decision-making Procedures for Terminating the Transaction

Given that the Transaction was still at the planning stage and relevant
proposals had not yet been submitted to the Board of Directors for review, the
termination of the planning of the Transaction does not require deliberation
and voting by the Board of Directors.

IV. Impact of Terminating the Planning of the Transaction on the Company

The Transaction was still at the planning stage. None of the
transaction-related parties had signed formal substantive agreements on
specific plans, and relevant proposals had not yet been submitted to the
Company's Board of Directors and shareholders' meeting for review. The
Transaction had not yet been formally implemented. The termination of planning
will not have any adverse impact on the Company's business development,
production and operation activities, and financial position.

The Company and the counterparty to the Transaction, CATL, have always
maintained good cooperative relations. The termination of the Transaction will
not have any substantial impact on the foundation of cooperation and business
dealings between both parties. In the future, the Company will continue to
advance various operational work around its established strategic goals,
continue to explore business opportunities in industrial chain synergy, market
expansion, and other fields, and is committed to creating greater commercial
value.

V. Arrangements for Resumption of Trading and Commitments

Upon application to the Shenzhen Stock Exchange, the Company's shares will
resume trading commencing from the market opening on February 24, 2026. In
accordance with the requirements of the Administrative Measures for Major
Asset Restructuring of Listed Companies and relevant business guidelines, the
Company commits that: it will not plan any major asset reorganization for at
least one month from the date of publication of this announcement.

The Board of Directors of the Company expresses its sincere apologies to
investors for any inconvenience caused by the termination of the planning of
the Transaction, and at the same time expresses its heartfelt gratitude to
investors who have long paid attention to and supported the Company's
development!

The Board of Directors

Zhejiang Yongtai Technology Co., Ltd.

13 February 2026

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