ZENERGY (03677) announced that Ms. Cao Fang, the company's Chairperson, Executive Director, and one of the controlling shareholders, along with Mr. Chen Jicheng, an Executive Director, General Manager, and also a controlling shareholder, have voluntarily committed not to sell any of their shares for a period of 12 months starting from April 14, 2026. This lock-up applies to a total of 843 million company shares they indirectly beneficially own through Changshu Zhenli Investment Co., Ltd. and Changshu Xinzhyuan Venture Capital Co., Ltd. This shareholding consists of 594 million domestic unlisted shares and 249 million H-shares.

The decision to make this lock-up commitment is based on Ms. Cao and Mr. Chen's confidence in the company's future development and their strong belief in its long-term investment value. The company is confident that, against the backdrop of global energy transition and a significant increase in demand for new energy, its battery products will play an important role in key sectors. These sectors include new energy vehicles, home energy storage, commercial and industrial energy storage, large-scale energy storage, the low-altitude economy, electric vessels, data centers, and embodied AI, presenting broad market prospects. The lock-up commitment from Ms. Cao and Mr. Chen is expected to benefit the company's sustained, stable, and healthy development.