TCL Zhonghuan Renewable Energy Technology Co., Ltd.
Announcement on Progress and Completion of Investment in Acquiring Equity and Increasing Capital
The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and there are no false records, misleading statements, or major omissions.
I. Overview of the Transaction
TCL Zhonghuan Renewable Energy Technology Co., Ltd. (hereinafter referred to as the "Company" or "TCL Zhonghuan") considered and approved the "Proposal on Investment in Acquiring Equity and Increasing Capital" at the 20th meeting of the 7th Board of Directors on March 30, 2026. The Company intends to acquire the controlling equity of Yidao New Energy Technology Co., Ltd. (hereinafter referred to as "Yidao New Energy" or the "Target Company") through equity acquisition, capital increase, and entrusted voting rights. For details, please refer to the "Announcement on Planning for External Investment and Signing a Framework Cooperation Intent Agreement" and the "Announcement on External Investment in Acquiring Equity and Increasing Capital" disclosed by the Company in the designated media.
II. Transaction Progress