002326SZSE

Announcement on Signing the Project Investment Agreement

✨ AI Summary

Zhejiang Yongtai Technology Co., Ltd. announced the signing of a Project Investment Agreement with Jiangsu Binhai Economic Development Zone Coastal Industrial Park Management Committee. The agreement involves an investment of RMB 500 million to build a 200,000-ton lithium battery electrolyte project. This strategic investment aims to expand the company's presence in the lithium battery materials sector and enhance operational efficiency. The company expects no significant impact on its current year's earnings.

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Securities Code: 002326 Securities Abbreviation: Yongtai Technology Announcement No.: 2026-014

Zhejiang Yongtai Technology Co., Ltd. Announcement on Signing the "Project Investment Agreement"

The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and contains no false records, misleading statements, or significant omissions.

I. Overview of External Investment

Zhejiang Yongtai Technology Co., Ltd. (hereinafter referred to as the "Company") held the fifth meeting of the seventh Board of Directors on March 2, 2026, and reviewed and approved the "Proposal on Signing the <Project Investment Agreement for the Production of 200,000 Tons of Lithium Battery Electrolyte>". After friendly negotiation between both parties, the Company intends to sign the "Project Investment Agreement for the Production of 200,000 Tons of Lithium Battery Electrolyte" (hereinafter referred to as the "Project Investment Agreement") with the Jiangsu Binhai Economic Development Zone Coastal Industrial Park Management Committee. The Company plans to invest in the construction of a project with an annual output of 200,000 tons of lithium battery electrolyte (tentative name, subject to final government filing information) in the Binhai Coastal Industrial Park, with an estimated total investment of RMB 500 million. The final total investment will be subject to actual investment.

According to the "Listing Rules of Shenzhen Stock Exchange", "Company Articles of Association", and other regulations, this investment project falls within the decision-making authority of the Company's Board of Directors and does not require submission to the Company's shareholders' meeting for deliberation. The Board of Directors has authorized the Company's management to handle all subsequent matters related to this investment and to sign relevant procedures and documents. This transaction does not constitute a related-party transaction, nor does it constitute a major asset restructuring as defined by the "Measures for the Administration of Major Asset Restructuring of Listed Companies".

II. Main Contents of the Agreement

Party A: Jiangsu Binhai Economic Development Zone Coastal Industrial Park Management Committee Party B: Zhejiang Yongtai Technology Co., Ltd.

In accordance with the "Civil Code of the People's Republic of China" and other relevant laws and regulations, on the principles of equality, voluntariness, and equivalent compensation, after friendly negotiation between Party A and Party B, the following agreement is reached regarding Party B's proposed investment and construction of a lithium battery electrolyte project in the Binhai Coastal Industrial Park:

(I) Project Basic Information

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