REPT BATTERO (00666) announced that on January 28, 2026 (after trading hours), the company entered into an investment agreement with the target company, Fu'an Guolong Nano Material Co., Ltd., the seller Jiaxing Songhe Xuehu New Energy Industry Venture Capital Partnership (Limited Partnership), the target company's founders, its employee持股 platform, and its other shareholders. Pursuant to the investment agreement, the company agreed to purchase all of the equity interest in the target company held by the seller (corresponding to a registered capital of RMB2,777,778 in the target company) for a consideration of RMB10 million, and to subscribe for a registered capital of RMB11,111,111 in the target company for a consideration of RMB40 million. Upon completion of the acquisition of the target company's equity and the capital increase into the target company, the company will hold an aggregate of 10.8696% of the equity in the target company; the target company will not become a subsidiary of the company, and its financial statements will not be consolidated into the group's financial statements. On January 28, 2026 (after trading hours), the company entered into a shareholders' agreement with the target company, its core team shareholders, and its other shareholders, to stipulate the rights and responsibilities of the parties related to the target company. The announcement stated that the fourth-generation high-tap-density lithium iron phosphate provided by the target company offers performance superior to the third-generation high-tap-density lithium iron phosphate available on the market, while maintaining cost parity. This product has already demonstrated significant cost and quality advantages in the company's commercial vehicle products, and close collaboration has been consistently maintained during the supply period. As the company's market expansion strategy in the commercial vehicle sector continues to advance, the stability of the supply chain is becoming increasingly critical. By binding itself to the target company through an equity investment, the company not only strengthens its control over the upstream supply but also instills confidence in its downstream customers and the market. Currently, the high-tap-density lithium iron phosphate sector is facing a situation of tight production capacity, making this move by the company a standard strategic response within the industry. The target company not only possesses a full set of industry-leading technologies for producing lithium iron phosphate cathode materials from nickel-iron but can also achieve industrial synergy with the company's controlling shareholder, Tsingshan Group, a global leader in the nickel-iron industry, thereby realizing resource security and efficient utilization, with the long-term potential for further cost reduction. The target company has developed a "one-step co-sintering method" that reduces the number of sintering cycles, thereby lowering carbon emissions; it uses minimal alkali, resulting in a significant reduction in wastewater and a more environmentally friendly process. The target company's fourth-generation high-tap-density lithium iron phosphate cathode material has been in mass production for one year, with a cumulative output of 15,000 tons as of November 2025. Its fifth-generation high-tap-density lithium iron phosphate cathode material product is currently undergoing user testing. In energy storage or power products, lithium iron phosphate with high energy density and high kinetics is a core material. The company's product development also requires close cooperation with enterprises possessing continuous technological development capabilities to maintain a technological lead and ensure confidentiality; equity cooperation serves as an effective method to protect R&D advantages and promote deep synergy.