GCL Energy Technology controlling shareholder signs supplementary share transfer agreement

GCL Energy Technology (002015) announced that its controlling shareholder, Shanghai Qichen Enterprise Management Co., Ltd., signed a supplementary agreement on September 19, 2025. This concerns the previously disclosed transfer of 96,130,000 shares, or 5.92% of the company's total share capital, to Zhejiang Jinzheng Asset Management Co., Ltd. (representing Jinzheng Desheng No. 1 Private Securities Investment Fund).

The original agreement, signed on June 25, 2025, stipulated a transfer price of RMB 10.17 per share, totaling RMB 977,642,100.00. The supplementary agreement clarifies that upon meeting payment conditions, the transferee will make phased payments to the transferor and pledgees until the full amount is settled. Share transfer procedures with China Securities Depository and Clearing Corporation Limited Shenzhen Branch will commence within three working days after full payment.

This transaction will not alter GCL Energy Technology's controlling shareholder or actual controller, nor is it expected to impact the company's governance or ongoing operations. The share transfer is pending final approval from the Shenzhen Stock Exchange.