According to the Zhitong Finance App, Caike New Energy (01986) issued an announcement. According to the new shareholder agreement, priority investors (including Shunheng Wotai and eight other investors) were granted repurchase rights. As one of the triggering events under repurchase rights, if Shandong Caike New Materials fails to complete the public sale and listing on the Chinese securities exchange market (A-share market, excluding the listing of Shandong Caike New Materials in the National SME Share Transfer System and Beijing Stock Exchange) or other stock exchange markets approved by priority investors as of December 31, 2026, Shunheng Wotai will have the repurchase right to require the committer to repurchase its shares in Shandong Caike New Materials.
According to the current progress of the project and based on the agreement on repurchase rights in the new shareholder agreement, on October 17, 2026, Caike Huayu (as one of the undertakers) and Shunheng Wotai entered into an equity transfer agreement to repurchase all Shandong Caike New Materials shares held by Shunheng Wotai (accounting for about 0.43% of the issued share capital of Shandong Caike New Materials as of the date of this announcement).
Shunheng Wotai's exercise of the repurchase rights will not have any impact on the business and operation of Shandong Caike New Materials and Group. After the repurchase is completed, Shandong Lottery New Materials will remain an indirect non-wholly-owned subsidiary of the company and a direct non-wholly-owned subsidiary of Caike Huayu. Shandong Lottery New Materials will continue to be recorded as a subsidiary of the company.