Announcement Regarding the Reduction of Shares in an Investee Company
The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, with no false records, misleading statements, or material omissions.
Important Content Prompts:
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Current Share Reduction Plan: On July 3, 2026, the 12th meeting of the 7th Board of Directors of EVE Energy Co., Ltd. (hereinafter "the Company") reviewed and approved the "Proposal on Reducing Shares in an Investee Company." The Board authorized the Chairman to reduce, at their discretion, up to 3.5% (approximately 216.8471 million shares) of the shares of Smoore International Holdings Limited (hereinafter "Smoore International") held by the Company's wholly-owned subsidiary, EVE BATTERY INVESTMENT LTD. (hereinafter "EBIL"), via block trades or centralized bidding within one year from the date of approval.
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Previous Share Reduction Plan: On June 16, 2025, the 54th meeting of the 6th Board of Directors approved the reduction of up to 3.5% of EBIL's holdings in Smoore International within one year. By the end of July 2025, the Company had reduced its holdings by 27,355,000 shares.