Zhitong Finance App News, Tesson Holdings (01201) announced that on September 27, 2026, Contemporary International Battery Technology Limited, a direct wholly-owned subsidiary of the company, plans to acquire 100% of the shares of Times Huazhi (Hong Kong) New Energy Technology Co., Ltd. from CCPOM Limited. The acquisition price is 98.4 million yuan, of which 38.4 million yuan will be paid in cash and 60 million yuan will be paid in shares at the issue price, at a price of 2.00 per share Hong Kong dollars. Additionally, the buyer plans to increase the capital of the target company in Hong Kong by $21.6 million.
On the same day, Zhongneng Technology (an indirect wholly-owned subsidiary of the company) signed a loan agreement with the Chinese target company (Fujian Times Huazhi New Energy Technology Co., Ltd.) and related Chinese borrowers (as borrowers). According to this, Zhongneng Technology has agreed to provide an interest-free loan with a principal amount of RMB 10 million to the Chinese target company or related Chinese borrowers.
The target group is mainly engaged in research and development of new energy technology, operation of electric vehicle charging stations, sales and leasing of related products, and provision of related services. Through its operating subsidiary in China, Target Group has established expertise and experience in the deployment and management of charging facilities, and has developed charging-related software and technical solutions. Specifically, the target group operates a number of charging stations already in operation in Shanghai and Fuzhou. Additionally, Target Group has established commercial relationships with various charging service platforms and participants in the electric vehicle charging ecosystem in China.
The directors believe that these transactions are a strategic extension of the Group's existing business portfolio and will enable the Group to seize the development opportunities created by the electric vehicle charging industry in Shanghai and Fuzhou. The directors believe that the target group's business is highly complementary to the group's existing charging station business, and will strengthen the group's position in the field of new energy infrastructure in China. Such transactions will enable the Group to utilize the target group's operating experience, technical capabilities and industry relationships, and combine the Group's existing lithium-ion power battery products, charging equipment and related technology. Furthermore, the seller will nominate the seller's nominee, Mr. Huang Yucheng, to the board of directors after completion. He has relevant expertise and experience in the electric vehicle industry and is expected to contribute valuable industry insight and strategic guidance to support the future development and operation of the Group. The directors believe that these transactions will create operational and commercial synergies, enhance the Group's competitiveness in the field of new energy, and enhance its long-term growth prospects.