GCL System Integration to deregister JV, forecasts transactions and guarantees

GCL System Integration Technology (GCLSI) announced the deregistration of Wuhu GCL Ruiheng New Energy Co., Ltd., a joint venture established in January 2023. The decision follows the joint venture’s underperformance and aims to optimize resource allocation, as approved by the board on December 12, 2025. The deregistration is not expected to impact GCLSI’s normal operations or financial condition.

Concurrently, GCLSI forecasts its 2026 daily related-party transactions to not exceed 267,200 yuan. The board approved transactions including sales, services, purchases of materials, and intercompany loans, all priced at market rates. Additionally, GCLSI has provided guarantees totaling 345,315 yuan for its controlling subsidiaries, including Hefei GCL System Integration New Energy Technology Co., Ltd. (175,425 yuan) and Wuhu GCL System Integration New Energy Technology Co., Ltd. (105,336 yuan).

Furthermore, GCLSI's board approved revisions to the "Remuneration Management System for Directors and Senior Management Personnel" and called for an extraordinary general meeting on December 29, 2025, to finalize these proposals. Independent directors affirmed the fairness and transparency of the proposed transactions and deregistration.