Securities Code: 002364
Securities Abbreviation: Zhongheng Electric
Announcement No.: 2026-28
Hangzhou Zhongheng Electric Co., Ltd.
Announcement on the Progress of the Controlling Shareholder Signing the Capital Increase Agreement and the Strategic Cooperation Framework Agreement
The Company and the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and contains no false records, misleading statements, or significant omissions.
Special Reminder:
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Hangzhou Zhongheng Technology Investment Co., Ltd. (hereinafter referred to as "Zhongheng Technology" or "Target Company") and its shareholders Mr. Zhu Guoding and Ms. Bao Xiaoru signed the "Capital Increase Agreement" and the "Shareholder Agreement Regarding Hangzhou Zhongheng Technology Investment Co., Ltd." (hereinafter referred to as the "Shareholder Agreement") and other transaction documents with CATL New Energy Technology Co., Ltd. (hereinafter referred to as "CATL" or "Investor") on August 14, 2026. CATL intends to subscribe for a registered capital increase of RMB 1,441.176471 million in Zhongheng Technology with a capital contribution of RMB 409,985.882353 million (hereinafter referred to as "this Capital Increase" or "Proposed Transaction"). On the same day, Zhongheng Technology, Hangzhou Zhongheng Electric Co., Ltd. (hereinafter referred to as "Company", "Listed Company", or "Zhongheng Electric"), CATL, and its subsidiary Times Power (Shenzhen) Technology Co., Ltd. (hereinafter referred to as "Times Power") signed the "Strategic Cooperation Agreement".
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The work related to this capital increase is yet to be further implemented, and the subsequent implementation is subject to uncertainty. The impact of this capital increase on the Company's future operating performance needs to be comprehensively judged in conjunction with the subsequent market environment and the Company's actual business development. There is currently uncertainty. Investors are urged to read the risk warnings carefully and pay attention to investment risks.
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Regarding the progress of this capital increase, the Company will fulfill its information disclosure obligations in accordance with relevant laws, regulations, and applicable rules. Please refer to the information disclosed on the Company's official information disclosure platform.
On April 9, 2026, the Company disclosed the "Notice of the Controlling Shareholder Signing the Strategic Investment Cooperation Framework Agreement and the Proposed Change in Equity Structure" (Announcement No.: 2026-03). Recently, the Company received written notice from its controlling shareholder Zhongheng Technology. Zhongheng Technology and its shareholders Mr. Zhu Guoding and Ms. Bao Xiaoru signed the "Capital Increase Agreement" and the "Shareholder Agreement" with CATL on August 14, 2026. On the same day, Zhongheng Technology, Zhongheng Electric, CATL, and Times Power signed the "Strategic Cooperation Agreement". The main contents of the "Capital Increase Agreement", "Shareholder Agreement", and "Strategic Cooperation Agreement" involved in this capital increase are hereby announced as follows:
I. Main Contents of the "Capital Increase Agreement"