REG - Zhejiang Yongtai - Trading Suspension for Asset Acquisition

Zhejiang Yongtai Technology CoAnnouncement

06/02/2026 11:15

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RNS Number : 0837S  Zhejiang Yongtai Technology Co Ltd  06 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 Trading Suspension in Respect of the Proposed Issuance of
Shares for Asset Acquisition, Raising of Supporting Funds

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  Suspension end date  Resumption date
 002326      永太科技                A-shares  suspension           2026/2/9

I. Reason for Suspension and Work Arrangements

Zhejiang Yongtai Technology Co., Ltd. (hereinafter referred to as
the"Company") is planning a transaction involving the issuance of shares to
purchase assets and raise supporting funds (hereinafter referred to as the
"Transaction"). As relevant matters remain uncertain, protect the interests of
investors, and avoid a significant impact on the Company's stock price, in
accordance with the relevant regulations of the Shenzhen Stock Exchange and
upon the Company's application, the trading of the Company's stock (stock
abbreviation: 永太科技, stock code: 002326) will be suspended starting
from the opening of the market on February 9, 2026.

The Company expects to disclose its trading plan within no more than 10
trading days, that is, to disclose relevant information in accordance with the
requirements of the Guidelines for the Content and Format of Information
Disclosure by Companies that Offer Securities to the Public No. 26- Major
Asset Restructuring of Listed Companies before March 3, 2026.If the company
fails to convene a board of directors to review and disclose the trading plan
within the above-mentioned period, the company's securities will resume
trading and terminate the planning of related matters no later than March 3,
2026. At the same time, the company will disclose the main work, progress,
impact on the company, and subsequent arrangements of the planning matters
during the suspension period, fully alert the risks and uncertainties of
related matters, and promise not to plan major asset restructuring matters for
at least one month from the date of disclosure of relevant announcements.

II. Basic Information of the Transaction

(I) Basic information of the transaction target

The subject matter of this Transaction is the 25% equity interest in the
target company Shaowu Yongtai Hi-tech Material Co., Ltd. (hereinafter referred
to as "Yongtai Hi-tech") held by Contemporary Amperex Technology Co., Ltd.
(hereinafter referred to as "CATL"). The Company currently holds a 75% equity
interest in the said target company. The basic information of Yongtai Hi-tech
is as follows:

 Enterprise name             Shaowu Yongtai Hi-tech Material Co., Ltd.
 Date of establishment       2016-6-30
 Unified social credit code  91350781MA349EGX5X
 Type of enterprise          Limited Liability Company (Invested in or Controlled by Natural Persons)
 Registered address          Jintang Industrial Park, Shaowu City, Fujian Province
 Legal representative        Yan Yonggang
 Registered capital          RMB 300 million
 Business scope              General Items: New material technology research and development; manufacture
                             of basic chemical raw materials (excluding the manufacture of licensed
                             chemicals such as hazardous chemicals); production of chemical products
                             (excluding licensed chemical products); sales of chemical products (excluding
                             licensed chemical products) (except for projects subject to approval by law,
                             business activities are carried out independently in accordance with the law
                             on the basis of the business license). Licensed Items: Production of hazardous
                             chemicals; technology import and export; goods import and export (projects
                             subject to approval by law may only be carried out after approval by the
                             relevant authorities, and specific business activities shall be subject to the
                             approval documents or permits issued by the relevant authorities).

(II) Basic information of the counterparties

The counterparty of this transaction is CATL, and its basic information is as
follows:

 Enterprise name             Contemporary Amperex Technology Co., Ltd.
 Date of establishment       2011-12-16
 Unified social credit code  91350900587527783P
 Type of enterprise          Company Limited by Shares  (listed, Invested in or Controlled by Natural
                             Persons)
 Registered address          No. 2 Xingang Road, Zhangwan Town, Jiaocheng District, Ningde City, Fujian
                             Province
 Legal representative        Zeng Yuqun
 Registered capital          RMB 4,403.39 million
 Business scope              Development, production, sales, and after-sales service of lithium-ion
                             batteries, lithium polymer batteries, fuel cells, power batteries, ultra-large
                             capacity energy storage batteries, supercapacitors, battery management
                             systems, and rechargeable battery packs; photovoltaic and wind energy storage
                             systems; development, production, sales, and after-sales service of related
                             equipment and instruments; investment in the new energy industry; technical
                             services, testing services, and consulting services for lithium batteries and
                             related products. (Items subject to approval according to law may only be
                             carried out after approval by the relevant authorities.)

(III) Transaction method

The company intends to acquire a 25% equity interest in Yongtai Hi-tech held
by CATL through a share issuance and raise supporting funds. After the
completion of this transaction, CATL will become a shareholder of the company.
This transaction remains subject to uncertainties. The final transaction
method and plan shall be subject to the information disclosed in the
subsequent restructuring plan or restructuring report.

(IV) Letter of intent for the Transaction

The Company has signed the "Equity Acquisition Letter of Intent" with CATL,
and the parties have preliminarily reached an intent to acquire the assets.
The final number and proportion of equity to be acquired, transaction price,
payment method, share lock-up arrangements, default clauses, and other terms
will be determined by the parties in a formal transaction agreement to be
separately executed. If there is any inconsistency between the formal
transaction agreement and the letter of intent, the terms of the formal
transaction agreement shall prevail.

III. Arrangements During the Trading Suspension Period

From the date of the trading suspension, the Company will actively carry out
various tasks in accordance with relevant regulations, fulfill the necessary
approval and review procedures, and submit and disclose documents that comply
with the requirements of relevant regulations to the exchange within the
committed timeframe.

IV. Necessary Risk Disclosure

Currently, this transaction remains in the planning stage, and the specific
transaction plan is still under negotiation and evaluation, with significant
uncertainties remaining. Investors are hereby advised to pay attention to
investment risks.

V. Reference Documents

(I) Application Form for Trading Suspension Due to Major Asset Restructuring
of Listed Company, signed by the Chairman of the Board and sealed by the Board
of Directors;

(II) Equity Acquisition Letter of Intent signed by both parties to this
transaction;

(III) Explanatory document from the counterparty confirming the absence of
circumstances specified in Article 12 of the Regulatory Guidelines for Listed
Companies No. 7-Supervision of Abnormal Stock Trading Related to Major Asset
Restructuring of Listed Companies;

(IV) Other documents required by the Shenzhen Stock Exchange.

 

The Board of Directors

Zhejiang Yongtai Technology Co., Ltd.

6 February 2026

 

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