According to China's energy storage technology development announcement, the company previously disclosed that Mingbao Enterprise Co., Ltd. plans to privatize it through an agreement arrangement. The court meeting and special shareholders' meeting were held on July 15, 2026, and a resolution approving the plan was passed. At the court meeting, 99.99% of the votes were in favor and 0.01% of the votes against the plan's shareholders; in the uninterested plan shareholders' vote, 99.99% of the votes were in favor and 0.01% of the votes against the plan. At the special shareholders' meeting, a special resolution approving the reduction of share capital and the issuance of new shares was passed with 99.99% approval. After the plan comes into effect on August 4, 2026, it is expected that the cancellation of the stock listing status on the Stock Exchange will take effect at 4:00 p.m. on August 5, 2026.

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