Jiangsu Zenergy Battery Technologies Group Co., Ltd. (“ZENERGY”) has issued its AGM circular, setting out ten resolutions for shareholder approval on 26 June 2026 in Changshu, Jiangsu.

Key agenda items:

1. 2025 Operating Reports • The 2025 annual report, board report, independent director work reports, and supervisory committee report will be tabled. • Management flagged that accumulated undistributed profits remain negative; therefore, no dividend is proposed for FY 2025.

2. Capital Management Mandates • Issue General Mandate: Board authority to allot, issue, sell and/or transfer up to 20% of total issued share capital (excluding treasury shares). Based on the current share count of 2,554,421,103 shares, the limit equals 510.88 million shares. • Repurchase General Mandate: Authority to buy back up to 10% of the 1,485,293,739 H shares in issue, capped at 148.53 million H shares. Any repurchased shares may be cancelled or held as treasury shares subject to PRC regulations.

3. Auditor Re-appointment • Ernst & Young is nominated for FY 2026 audit. Estimated fees range from RMB2.70 million to RMB3.26 million.

4. Board and Supervisory Remuneration for 2026 • Executive directors: remunerated under existing company policy; no separate board fees. • Non-executive director: no fees. • Three independent non-executive directors: up to RMB0.20 million each (tax inclusive). • Supervisors: no fees.

5. Election of New Supervisor • Wu Hao, currently assistant general manager at Changshu Kuncheng Lake Construction Investment Group, is nominated to fill a supervisory committee vacancy for the remainder of the first session’s term. He will not receive supervisor fees.

6. Share Capital Snapshot • Registered capital: 2,554,421,103 shares (1,069,127,364 unlisted; 1,485,293,739 H shares). • The company holds no treasury shares as of the latest practicable date (31 May 2026).

Logistics:

• Share register closes 23–26 June 2026 (both days inclusive). • Proxy forms must be lodged by 1:30 p.m. on 25 June 2026. • All AGM resolutions will be decided by poll.

Shareholders will vote on the resolutions in Hong Kong dollars, while any buyback consideration will also be settled in Hong Kong dollars, subject to SAFE approval.