002326SZSE

Announcement on the Establishment of a Wholly-Owned Subsidiary and Completion of Industrial and Commercial Registration

✨ AI Summary

Zhejiang Yongtai Technology Co., Ltd. has established a wholly-owned subsidiary, Yancheng Yongtai New Materials Co., Ltd., to construct a 200,000-ton lithium battery electrolyte project. This strategic move aims to optimize the company's industrial layout and enhance its market competitiveness in the northern region. The subsidiary has completed its industrial and commercial registration. The investment is funded by the company's own capital and is not expected to significantly impact its financial performance in the short term.

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Securities Code: 002326 Securities Abbreviation: Yongtai Technology Announcement Code: 2026-023

Zhejiang Yongtai Technology Co., Ltd. Announcement on the Establishment of a Wholly-Owned Subsidiary and Completion of Industrial and Commercial Registration

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

I. Overview of External Investment

In March 2026, the Seventh Board of Directors' Fifth Meeting of Zhejiang Yongtai Technology Co., Ltd. (hereinafter referred to as the "Company") deliberated and approved the signing of the "Investment Agreement for the Production of 200,000 Tons of Lithium Battery Electrolyte per Annum" with the Management Committee of the Coastal Industrial Park of Jiangsu Binhai Economic Development Zone. According to the agreement, the Company will establish a project operating company within the Binhai Coastal Industrial Park to invest in and construct a project for the production of 200,000 tons of lithium battery electrolyte per annum. For details, please refer to the "Announcement on Signing the <Project Investment Agreement>" (Announcement No.: 2026-014) disclosed by the Company on March 3, 2026, in the Securities Times, China Securities Journal, Shanghai Securities News, Securities Daily, and on the CNINFO website (http://www.cninfo.com.cn).

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