Breton Technology Co., Ltd. (BRETON) has signed an equity transfer agreement to purchase 6.8246% of Suzhou Junhao Electric Power Co., Ltd. from Shanghai CPI Ronghe New Energy Investment Management Center (Limited Partnership) for RMB13.02 million. The transaction was executed on 11 May 2026 and will be funded entirely from BRETON’s internal resources.

Concurrently, BRETON’s chairman and controlling shareholder, Mr. Chen Fangming, agreed to acquire an additional 2.2841% stake in Suzhou Junhao for RMB4.36 million. Because the company and Mr. Chen are joint transferees, the deal is classified as a connected transaction under Chapter 14A of the Hong Kong Listing Rules. The highest applicable percentage ratio is above 0.1% but below 5%, requiring public disclosure without a shareholder circular or independent shareholders’ approval. Mr. Chen and his associates abstained from the relevant Board vote.

After completion, BRETON will own 6.8246% of Suzhou Junhao, which will be treated as a financial investment rather than a consolidated subsidiary. Management does not expect any material gain or loss upon completion; the equity stake will be recorded on the balance sheet.

The purchase price was negotiated at arm’s length, reflecting the transferor’s capital contribution, funding costs and Suzhou Junhao’s growth prospects. Directors—including independent non-executive members—deemed the terms fair and in the interests of the company and its shareholders.

Suzhou Junhao focuses on energy-storage technology services, photovoltaic equipment leasing and sales, and intelligent power distribution products—segments that align with BRETON’s strategy in green, low-carbon and new-energy markets. BRETON expects the investment to enhance resource integration, expand its presence across the new-energy value chain and strengthen competitiveness in energy-storage and distributed-energy solutions.

Audited financial highlights for Suzhou Junhao (PRC accounting standards): • 2025 revenue: RMB65.08 million; profit after tax: RMB6.51 million • 2024 revenue: RMB45.43 million; profit after tax: RMB1.83 million • 2025 total assets: RMB90.75 million; net assets: RMB54.74 million

The transferor, Shanghai CPI Ronghe New Energy Investment Management Center, is ultimately owned by the State-owned Assets Supervision and Administration Commission of the State Council and is independent of BRETON and its connected persons.