Suzhou Maxwell Technologies' controlling shareholders extend concert party agreement

Suzhou Maxwell Technologies Co., Ltd. announced on November 9, 2025, that its controlling shareholders and actual controllers, Zhou Jian and Wang Zheng-gen, renewed their concert party agreement. This renewal extends the agreement, originally set to expire on November 9, 2025, for another year, until November 9, 2026. This marks the sixth supplementary agreement, maintaining existing rights, obligations, and performance terms.

As of the announcement date, Zhou Jian directly holds 61,811,671 shares, representing 22.12% of the company's total share capital. Wang Zheng-gen directly holds 47,726,156 shares, accounting for 17.08%. Additionally, Suzhou Maituo Venture Capital Partnership (Limited Partnership), jointly controlled by Zhou Jian and Wang Zheng-gen, holds 6,189,861 shares, or 2.22% of the total share capital.

The company confirms that this renewal does not alter the actual control of the company, which remains with Zhou Jian and Wang Zheng-gen. This stability is expected to support the company's development strategies and consistent operational management, without adverse effects on daily operations or the interests of minority shareholders.