Yongtai Technology Aborts Acquisition of CATL Subsidiary Stake

On February 13, Yongtai Technology announced in a public notice that it has decided to terminate its plan to acquire, via share issuance, the 25% equity stake in Shaowu Yongtai Advanced Materials Co., Ltd. held by Contemporary Amperex Technology Co. Limited (CATL). The company also simultaneously canceled its associated fundraising plan. The transaction was originally intended to be completed through the issuance of shares; however, after careful consideration, the company opted to discontinue the plan. According to the announcement, Yongtai Technology's shares will resume trading on the market starting February 24, 2026.