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Hong Kong Exchanges and Clearing Limited, The Stock Exchange of Hong Kong Limited (the “Stock Exchange ”)
and Hong Kong Securities Clearing Company Limited ( “HKSCC ”) take no responsibility for the contents of this
announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability
whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this
announcement.
Unless otherwise defined herein, capitalized terms used in this announcement shall have the same meanings as those
defined in the prospectus dated April 3, 2025 (the “Prospectus ”) issued by Jiangsu Zenergy Battery Technologies
Group Co., Ltd. (ʮ̡ ) (the “Company ”).
This announcement is for information purposes only and does not constitute an offer or an invitation to induce an
offer by any person to acquire, purchase or subscribe for any securities of the Company. This announcement is not a
prospectus. Potential investors should read the Prospectus for detailed information about the Company and the Global
Offering described below before deciding whether or not to invest in the Offer Shares. Any investment decision in
relation to the Offer Shares should be taken solely in reliance on the information provided in the Prospectus.
This announcement does not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale
of Offer Shares in any jurisdiction in which such offer, solicitation or sales would be unlawful. This announcement
is not for release, publication, distribution, directly or indirectly, in or into the United States (including its territories
and dependencies, any state of the United States and the District of Columbia). This announcement does not constitute
or form a part of any offer or solicitation to purchase or subscribe for securities in the United States or in any other
jurisdiction. The Offer Shares have not been and will not be registered under the United States Securities Act of 1933,
as amended from time to time (the “U.S. Securities Act ”) or securities law of any state or other jurisdiction of the
United States and may not be offered, sold, pledged or transferred within the United States, except in transactions
exempt from, or not subject to, the registration requirements of the U.S. Securities Act. The Offer Shares are being
offered and sold outside the United States in offshore transactions in reliance on Regulation S under the U.S. Securities
Act.
In connection with the Global Offering, China International Capital Corporation Hong Kong Securities Limited, as
the Stabilizing Manager, or any person acting for it, on behalf of the Underwriters, may over-allocate or effect short
sales or any other stabilizing transactions with a view to stabilizing or maintaining the market price of the H Shares at
a level higher than that which might otherwise prevail in the open market for a limited period after the Listing Date.
However, there is no obligation on the Stabilizing Manager or any person acting for it to conduct any such stabilizing
action. Such stabilizing activity, if commenced, will be done at the absolute discretion of the Stabilizing Manager and
may be discontinued at any time. Such stabilization action, if commenced, may be effected in all jurisdictions where
it is permissible to do so, in each case in compliance with all applicable laws, rules and regulatory requirements,
including the Securities and Futures (Price Stabilizing) Rules (Chapter 571W of the Laws of Hong Kong), as amended,
made under the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).
Potential investors should be aware that stabilizing action by the Stabilizing Manager, or any person acting for it, is
not permitted to support the price of the H Shares for longer than the stabilizing period, which begins on the day on
which trading of the H Shares commences on the Hong Kong Stock Exchange and ends on the 30th day after the last
day for the lodging of applications under the Hong Kong Public Offering. The stabilizing period is expected to end
on Friday, May 9, 2025. As a result, demand for the H Shares, and their market price, may fall after the end of the
stabilizing period.
Potential investors of the Offer Shares should note that the Joint Sponsors and the Joint Representatives (for
themselves and on behalf of the Hong Kong Underwriters) shall in their sole discretion be entitled to terminate the
Hong Kong Underwriting Agreement with immediate effect upon the occurrence of any of the events set out in the
section headed “Underwriting – Underwriting Arrangements – Hong Kong Public Offering – Grounds for Termination ”
in the Prospectus at any time prior to 8:00 a.m. (Hong Kong time) on the Listing Date.
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Jiangsu Zenergy Battery Technologies Group Co., Ltd.
ʮ̡
(A joint stock company incorporated in the People ’s Republic of China with limited liability)
GLOBAL OFFERING
Number of Offer Shares under the
Global Offering
: 121,523,700 H Shares
Number of Hong Kong Offer Shares : 12,152,400 H Shares
Number of International Offer Shares : 109,371,300 H Shares
Offer Price : HK$8.27 per H Share, plus brokerage of
1.0%, SFC transaction levy of 0.0027%,
AFRC transaction levy of 0.00015% and
Stock Exchange trading fee of 0.00565%
Nominal value : RMB1.00 per H Share
Stock code : 3677
Joint Sponsors, Joint Representatives, Overall Coordinators, Joint Global Coordinators,
Joint Bookrunners and Joint Lead Managers
Overall Coordinators, Joint Global Coordinators, Joint Bookrunners and
Joint Lead Managers
Joint Global Coordinators, Joint Bookrunners and Joint Lead Managers
Joint Bookrunners and Joint Lead Managers
Joint Lead Managers
2


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Jiangsu Zenergy Battery Technologies Group Co., Ltd. /
江蘇正力新能電池技術股份有限公司
ANNOUNCEMENT OF ALLOTMENT RESULTS
Warning: In view of high concentration of shareholding in a small number of H Shareholders, H
Shareholders and prospective investors should be aware that the price of the H Shares could move
substantially even with a small number of H Shares traded and should exercise extreme caution when
dealing in the H Shares.
SUMMARY
Company information
Stock code 3677
Stock short name ZENERGY
Dealings commencement date April 14, 2025*
*see note at the end of the announcement
Price Information
Final Offer Price HK$8.27
Offer Price Adjustment exercised N/A
Offer Shares and Share Capital
Number of Offer Shares 121,523,700
Number of Offer Shares in Hong Kong Public Offering 12,152,400
Number of Offer Shares in International Offering 109,371,300
Number of issued Shares upon Listing 2,508,500,103
Over-allocation
Number of Offer Shares over-allocated 0
The Joint Representatives confirmed that there has been no over -allocation of the Offer Shares in the
International Offering. Therefore, it is expected that the Over-allotment Option will not be exercised.
Proceeds
Gross proceeds Note HK$1,005.1 million
Less: Estimated listing expenses payable based on Final
Offer Price
HK$(77.6) million
Net proceeds HK$927.5 million
Note: Gross proceeds refers to the amount which the Company is entitled to receive. For details of the use
of proceeds, see “Future Plans and Use of Proceeds” in the Prospectus.
ALLOTMENT RESULTS DETAILS
HONG KONG PUBLIC OFFERING
Number of valid applications 5,998
Number of successful applications 5,998
Subscription level 3.51 times
Claw-back triggered No
Number of Offer Shares initially available under the Hong Kong
Public Offering
12,152,400
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Final number of Offer Shares under the Hong Kong Public Offering 12,152,400
% of Offer Shares under the Hong Kong Public Offer ing to the
Global Offering
Approximately 10%

Note: For details of the final allocation of shares to the Hong Kong Public Offering, investors can refer to
www.eipo.com.hk/eIPOAllotment to perform a search by identification number or
www.eipo.com.hk/eIPOAllotment for the full list of allottees.
INTERNATIONAL OFFERING

Number of placees  115
Subscription level 1.13 times
Number of Offer Shares initially available under the International
Offering
109,371,300
Final number of Offer Shares under the International Offering 109,371,300
% of final number of Offer Shares under the International Offering
to the Global Offering
Approximately 90%

The Directors confirm that, to the best of their knowledge , information and belief, save for the waivers from
strict compliance with Rule 10.04 of the Listing Rules and the Stock Exchange’s consent under paragraph 5(2)
of Appendix F1 to the Listing Rules and, where applicable, paragraph 17 of Chapter 4.15 of the Guide for New
Listing Applicants in respect of the subscriptions of Offer Shares by certain existing Shareholder and close
associates of certain existing Shareholders, namely Jiangsu State-Owned Enterprise Mixed Ownership Reform
Fund (Limited Partnership) (江蘇國有企業混合所有制改革基金(有限合夥)) (“Jiangsu Mixed Ownership
Reform Fund”) (a close associate of existing Shareholder s), Jiangsu Suzhou High -end Equipment Industry
Special Mother Fund (Limited Partnership) ( 江蘇蘇州高端裝備產業專項母基金 (有限合夥 )) (“Suzhou
High-end Equipment Fund ”) (a close associate of existing Shareholder s), Changshu Southeast Investment
Holding Co., Ltd. ( 常 熟 市 東 南 投 資 控 股 有 限 公 司) (“Southeast Investment Holding ”) (an existing
Shareholder), and Bright Sapphire Holding Inc (“Bright Sapphire ”) (a close associate of an existing
Shareholder), respectively, (i) none of the Offer Shares subscribed by the placees and the public have been
financed directly or indirectly by  the Company,  any of the Directors,  Supervisors, chief executive of the
Company, Controlling Shareholders, substantial Shareholders, existing Shareholders or any of their respective
subsidiaries or their respective close associates ; and (ii) none of the placees and the public who have
purchased the Offer Shares are accustomed to taking instructions from  the Company, any of the Directors,
Supervisors, chief executive of the Company, Controlling Shareholders, substantial Shareholders, existing
Shareholders or any of their respective subsidiaries or their respective close associates in relation to the
acquisition, disposal, voting or other disposition of H Shares registered in his/her/its name or otherwise held
by him/her/it.
The placees in the International Offering include the following:
Cornerstone Investors
Investor
No. of Offer
Shares
allocated
% of Offer
Shares (1)
% of total issued
share capital after
the Global
Offering (1)
Existing
Shareholders or
their close
associates
Jiangsu Mixed
Ownership Reform
Fund (2) 12,692,100 10.44% 0.51% Yes
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Investor
No. of Offer
Shares
allocated
% of Offer
Shares (1)
% of total issued
share capital after
the Global
Offering (1)
Existing
Shareholders or
their close
associates
Suzhou High-end
Equipment Fund (3) 25,942,500 21.35% 1.03% Yes
Southeast
Investment Holding
(4) 36,456,900 30.00% 1.45% Yes
Total 75,091,500  61.79% 2.99%
Notes:
(1) The Over-allotment Option has not been exercised and will not be exercised.
(2) Pursuant to the relevant cornerstone investment agreement, Jiangsu Mixed Ownership Reform Fund will subscribe for
the relevant number of Offer Shares through its wholly-owned subsidiary, Jiangsu Govtor Zhengli Technology
Innovation Limited (江蘇高投正力科創有限公司).
(3) Pursuant to the relevant cornerstone investment agreement, Suzhou High-end Equipment Fund will subscribe for the
relevant number of the Offer Shares through its wholly-owned subsidiary, HongKong ZengerSC Limited (香港正力蘇
創有限公司).
(4) Pursuant to the relevant cornerstone investment agreement, Southeast Investment Holding will subscribe for the
relevant number of the Offer Shares through its wholly-owned subsidiary, HongKong ZengerHT Limited (香港正力宏
圖有限公司).

Allottee with waivers/consents obtained
Investor
No. of Offer
Shares
allocated
% of Offer
Shares (1)
% of total issued
share capital after
the Global
Offering (1) Relationship

Allotees with waiver from strict compliance with Rule 10.04 of the Listing Rules and consent
under paragraph 5(2) of the Placing Guidelines in relation to subscription by existing
Shareholders and/or their close associates

Jiangsu Mixed
Ownership Reform
Fund (2)
12,692,100 10.44% 0.51%
A cornerstone
investor and a close
associate of an
existing Shareholder
Suzhou High-end
Equipment Fund (2)
25,942,500 21.35% 1.03%
A cornerstone
investor and a close
associate of an
existing Shareholder
Southeast
Investment Holding
(3) 36,456,900 30.00% 1.45%
A cornerstone
investor and an
existing Shareholder
Bright Sapphire (4)
17,947,800 14.77% 0.72%
A close associate of
an existing
Shareholder
Total 93,039,300 76.56% 3.71%

Notes:
(1) The Over-allotment Option has not been exercised and will not be exercised.
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Investor
No. of Offer
Shares
allocated
% of Offer
Shares (1)
% of total issued
share capital after
the Global
Offering (1) Relationship
(2) Suzhou Suchuang Energy Investment Partnership (L.P.) (蘇州蘇創新能源投資合夥 企業(有限合夥 )) (“ Suchuang
Energy Investment”) and Nanjing Konggang Hub Economic Zone Investment Development Co., Ltd. (南京空港樞紐經
濟區投資發展有限公司) (“Nanjing Konggang”) are existing Shareholders which together held approximately 2.49%
of the total issued share capital of the Company immediately prior to the Global Offering. Suchuang Energy Investment,
a limited partnership established under the laws of the PRC, is ultimately controlled by Suzhou Finance Bureau ( 蘇州
市財政局). Nanjing Konggang, a limited liability company established under the laws of the PRC, is ultimately controlled
by Nanjing Jiangning Economic and Technological Development Zone Management Committee ( 南京江寧經濟技術開
發區管理委員會). Suzhou Finance Bureau and Nanjing Jiangning Economic and Technological Development Zone
Management Committee are government bodies of Jiangsu Province.
As further detailed in the section headed “Cornerstone Investors” in the Prospectus, Jiangsu Mixed Ownership Reform
Fund and Suzhou High -end Equipment Fund  are respectively ultimately controlled by Jiangsu Provincial People ’s
Government ( 江蘇省人民政府) and Suzhou Finance Bureau, being government bodies of Jiangsu Province. Jiangsu
Mixed Ownership Reform Fund and Suzhou High -end Equipment Fund are considered as close associates of Suchuang
Energy Investment and Nanjing Konggang, the Company’s existing Shareholders.
The Company has applied to the Stock Exchange for, and the Stock Exchange has granted, a waiver from strict
compliance with Rule 10.04 of, and the consent under paragraph 5(2) of Appendix F1 to the Listing Rules for permitting
Jiangsu Mixed Ownership Reform Fund and Suzhou High -end Equipment Fund to participate in the Global Offering as
cornerstone investors. For more details, see “Waivers – Waiver From Strict Compliance with Rule 10.04 of the Listing
Rules and the Stock Exchange ’s Consent Under Paragraph 5 (2) of Appendix F1 to the Listing Rules in Respect of
Subscriptions of Offer Shares by Certain Existing Shareholder and Close Associates as Cornerstone Investors  – I.
Subscription of Offer Shares by Jiangsu Mixed Ownership Reform Fund and Suzhou High -end Equipment Fund and as
Cornerstone Investors ” in the Prospectus  and the section headed “Allocation of Offer Shares to Jiangsu Mixed
Ownership Reform Fund and Suzhou High -end Equipment Fund as Cornerstone Investors with a waiver from strict
compliance with Rule 10.04 of, and the Stock Exchange’s consent under paragraph 5(2) of Appendix F1 to, the Listing
Rules” in this announcement.
(3) Southeast Investment Holding is an existing Shareholder which held approximately 3.29% of the total issued share capital
of the Company immediately prior to the Global Offering. As described in the section headed “History, Reorganization
and Corporate Structure”  in the Prospectus, Changshu Southeast Industrial Investment Co., Ltd. ( 常熟東南產業投資
有 限 公 司 ) (“ Southeast Investment ”), Southeast Investment Holding and Changshu Southeast Xinneng Equity
Investment Partnership (L.P.) ( 常熟東南新能股權投資合夥企業 (有限合夥)) (“ Southeast Xi nneng”, and together
with Southeast Investment and Southeast Investment Holding, the “Changshu Entities”) are existing Shareholders which
are ultimately controlled by the Changshu Finance Bureau (State -owned Assets Supervision and Administration Office
of Changshu Municipal Government) ( 常熟市財政局 (常熟市政府國有資產監督管理辦公室 )). The Changshu
Entities held approximately 9.41% of the total issued share capital of the Company immediately prior to the Global
Offering.
The Company has applied to the Stock Exchange for, and the Stock Exchange has granted a consent under paragraph
17 of Chapter 4.15 of the Guide for New Listing Applicants for allocation of securities to Southeast Investment Holding
as a cornerstone investor . For more details, see “Waivers – Waiver From Strict Compliance with Rule 10.04 of the
Listing Rules and the Stock Exchange ’s Consent Under Paragraph 5(2) of Appendix F1 to the Listing Rules in Respect
of Subscriptions of Offer Shares by Certain Existing Shareholder and Close Associates as Cornerstone Investors  – II.
Subscription of Offer Shares by Southeast Investment Holding as Cornerstone Investor” in the Prospectus and the section
headed “Allocation of Offer Shares to Southeast Investment Holding as a Cornerstone Investor with a consent under
paragraph 17 of Chapter 4.15 of the Guide for New Listing Applicants” in this announcement.
(4) Bright Sapphire is a close associate of Tianjin Haisong Chaoyue Equity Investment  Partnership (L.P.) ( 天津海松超越
股權投資合夥企業(有限合夥)) (“Haisong Chaoyue”), an existing Shareholder. The Company has applied to the Stock
Exchange for, and the Stock Exchange has granted, a waiver from strict compliance with Rule 10.04 of, and the consent
under paragraph 5(2) of Appendix F1 to the Listing Rules for allocation of securities to Bright Sapphire as a placee. For
more details, see the section headed “Placing to Bright Sapphire as a placee with a waiver from strict compliance with
Rule 10.04 of, and a prior consent under paragraph 5(2) of Appendix F1 to, the Listing Rules” in this announcement.

LOCK-UP UNDERTAKINGS
Controlling Shareholders
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Name
Number of
Shares held in
the Company
subject to lock-
up undertakings
upon Listing
% of total issued H
Shares after the
Global Offering
subject to lock-up
undertakings upon
Listing
% of shareholding
in the Company
subject to lock-up
undertakings upon
Listing
Last day subject
to the lock-up
undertakings (3)
Management Shareholders (as defined below)
Changshu Zenergy
Investment Co., Ltd. /
常熟正力投資有限
公司 (“Zenergy
Investment”) (1)
460,690,543
(including
138,207,163 H
Shares and
322,483,380
Unlisted Shares) 9.60% 18.37% April 13, 2026
Changshu SINOGY
Venture Capital Co.,
Ltd. / 常熟新中源創
業投資有限公司
(“SINOGY VC”) (1)
382,045,276
(including
110,682,345 H
Shares and
271,362,931
Unlisted Shares) 7.69% 15.23% April 13, 2026
Nanjing Miaode
Enterprise
Management
Consulting
Partnership (Limited
Partnership) / 南京淼
德企業管理顧問合
夥企業(有限合夥)
(“Nanjing
Miaode”)(1)
237,152,124 H
Shares 16.48% 9.45% April 13, 2026
Nanjing Xuande
Enterprise
Management
Consulting
Partnership (Limited
Partnership) / 南京泫
德企業管理顧問合
夥企業(有限合夥)
(“Nanjing
Xuande”)(1)
55,663,715
(including
52,042,709 H
Shares and
3,621,006
Unlisted Shares) 3.62% 2.22% April 13, 2026
Changshu Zhengli
No. 1 Management
Consulting
Partnership (Limited
Partnership) / 常熟正
力壹號管理諮詢合
夥企業(有限合夥)
(“Zhengli No. 1”)(1)
3,461,260
(including
3,361,260 H
Shares and
100,000
Unlisted Shares) 0.23% 0.14% April 13, 2026
Changshu Zhengli
No. 2 Management
Consulting
Partnership (Limited
20,000,000
(including
19,247,500 H
Shares and 1.34% 0.80% April 13, 2026
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Name
Number of
Shares held in
the Company
subject to lock-
up undertakings
upon Listing
% of total issued H
Shares after the
Global Offering
subject to lock-up
undertakings upon
Listing
% of shareholding
in the Company
subject to lock-up
undertakings upon
Listing
Last day subject
to the lock-up
undertakings (3)
Partnership) / 常熟正
力貳號管理諮詢合
夥企業(有限合夥)
(“Zhengli No. 2”) (1)
752,500
Unlisted Shares)
Subtotal
(Management
Shareholders)
1,159,012,918
(including
560,693,101 H
Shares and
598,319,817
Unlisted Shares) 38.95% 46.20%

Financial Investors (as defined below)
Wuxi Zhenghai Jinxi
Venture Capital
Partnership (L.P.) /
無錫正海錦璽創業
投資合夥企業(有限
合夥) (“Wuxi
Zhenghai”) (2)
90,293,737 H
Shares 6.27% 3.60% April 13, 2026
Fujian Yaohua
Industrial Village
Development Co.,
Ltd. / 福建省耀華工
業村開發有限公司
(“Fujian Yaohua”)(2)
60,195,825 H
Shares 4.18% 2.40% April 13, 2026
Wukuang Yuanding
Equity Investment
Fund (Ningbo)
Partnership (L.P.) /
五礦元鼎股權投資
基金(寧波)合夥企
業(有限合夥)
(“Wukuang
Yuanding”) (2)
54,176,243 H
Shares 3.76% 2.16% April 13, 2026
Beijing Jiade
Enterprise
Management
Partnership (L.P.) /
北京佳得企業管理
合夥企業(有限合
夥) (“Beijing
Jiade”) (2)
44,816,795 H
Shares 3.11% 1.79% April 13, 2026
Tianjin Juxin Xihai
Equity Investment
Partnership (L.P.) /
26,208,250
(including
13,104,125 H 0.91% 1.04% April 13, 2026
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Name
Number of
Shares held in
the Company
subject to lock-
up undertakings
upon Listing
% of total issued H
Shares after the
Global Offering
subject to lock-up
undertakings upon
Listing
% of shareholding
in the Company
subject to lock-up
undertakings upon
Listing
Last day subject
to the lock-up
undertakings (3)
天津聚信西海股權
投資合夥企業(有限
合夥) (“Juxin
Xihai”) (2)
Shares and
13,104,125
Unlisted Shares)
Zhuhai Hengqin New
Kinetic Energy
Juyuan Investment
Enterprise (L.P.) / 珠
海橫琴新動能聚元
投資企業(有限合夥)
(“Hengqin New
Kinetic Energy”) (2)
21,068,538 H
Shares 1.46% 0.84% April 13, 2026
Beijing Lianhe
Jiaying Enterprise
Management
Partnership (L.P.) /
北京聯和嘉盈企業
管理合夥企業(有限
合夥) (“Lianhe
Jiaying”) (2)
20,966,600
(including
14,676,620 H
Shares and
6,289,980
Unlisted Shares) 1.02% 0.84% April 13, 2026
Xingzheng Capital
Management Co.,
Ltd. / 興證投資管理
有限公司 (“China
Industrial Securities
Investment
Management”) (2)
17,799,962 H
Shares 1.24% 0.71% April 13, 2026
Anhui Haichuang
Green Equity
Investment Fund
(L.P.) / 安徽海創綠
色股權投資基金(有
限合夥) (“Anhui
Haichuang”) (2)
13,104,125 H
Shares 0.91% 0.52% April 13, 2026
CHENGTUN
MINING GROUP
CO. LTD / 盛屯礦業
集團股份有限公司
(“Chengtun
Mining”) (2)
13,104,125
Unlisted Shares - 0.52% April 13, 2026
Ma Shaodong / 馬少
棟 (2)
12,039,166 H
Shares 0.84% 0.48% April 13, 2026
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Name
Number of
Shares held in
the Company
subject to lock-
up undertakings
upon Listing
% of total issued H
Shares after the
Global Offering
subject to lock-up
undertakings upon
Listing
% of shareholding
in the Company
subject to lock-up
undertakings upon
Listing
Last day subject
to the lock-up
undertakings (3)
Zhongtai Ronghao
(Xiamen) Investment
Partnership (L.P.) /
中泰融灝(廈門)投資
合夥企業(有限合夥)
(“Zhongtai
Ronghao”) (2)
9,172,888 H
Shares 0.64% 0.37% April 13, 2026
Subtotal (Financial
Investors)
382,946,254
(including
350,448,024 H
Shares and
32,498,230
Unlisted Shares) 24.35% 15.27%
Subtotal
1,541,959,172
(including
911,141,125 H
Shares and
630,818,047
Unlisted
Shares) 63.30% 61.47%

Notes:
(1) Ms. Cao Fang (曹芳) (“Ms. Cao”) and Dr. Chen Jicheng ( 陳繼程) (“Dr. Chen”) have been acting in  concert with each
other since the incorporation of the Company in respect of all major affairs  concerning the Group and together led the
management and operation of the business of the Company and effected control over the Company through Shareholders
which are their close  associates and jointly controlled by them  (the “ Management Shareholders ”), namely, Zenergy
Investment, SINOGY VC, Nanjing Miaode, Nanjing Xuande, Zhengli No. 1, and Zhengli No. 2 . For more details, see
“Relationship with Our Controlling Shareholders” in the Prospectus.
(2) In order to further consolidate the control of the Management Shareholders of the Company and improve the efficiency of
Shareholders’ decision-making process, Zenergy Investment entered into acting -in-concert agreements (the “AIC
Agreements”) with certain minority financial investors (the “Financial Investors ”), which comprise Wuxi Zhenghai,
Fujian Yaohua, Wukuang Yuanding, Beijing Jiade, Juxin Xihai, Hengqin New Kinetic Energy,  Lianhe Jiaying, China
Industrial Securities Investment Management, Anhui Haichuang,  Chengtun Mining, Mr. Ma Shaodong and Zhongtai
Ronghao. Immediately prior to the Global Offering, the Management Shareholders, which in aggregate held approximately
48.56% of the issued share capital of the Company, were acting in concert together with the Financial Investors, which in
aggregate h eld approximately  16.04% of the issued share capital of the Company (together with the Management
Shareholders, the “Acting-in-Concert Shareholders”). Accordingly, the Acting-in-Concert Shareholders were collectively
interested in, and are entitled to exercise control over, an  aggregate of approximately 64.60% of the voting rights of the
Company prior to the Global Offering. As such, they are considered as the controlling shareholders of the Company before
the Listing and will be subject to applicable  lock-up requirements pursuant to Rule 10.07 of the Listing Rules after  the
Listing.
The Financial Investors have entered into separate agreements with Zenergy Investment to terminate the AIC Agreements,
with such termination to take effect upon Listing . Therefore, after the Listing, the Financial Investors will no longer be
considered as controlling shareholders of the Company. For more details, see “Relationship with Our Controlling
Shareholders” in the Prospectus.
(3) The expiry date of the lock-up period shown in the table above is pursuant to the PRC Company Law. In accordance with
the applicable lock-up requirements pursuant to Rule 10.07 of the Listing Rules, the required lock-up for the first six-month
period ends on October 13, 2025 and for the second six-month period ends on April 13, 2026.

10


--- page 11 ---
Pre-IPO Investors (as defined in the Prospectus) other than the Financial Shareholders as disclosed
above
Name
Number of
Shares held in
the Company
subject to lock-
up undertakings
upon Listing
% of total issued H
Shares after the
Global Offering
subject to lock-up
undertakings upon
Listing
% of shareholding
in the Company
subject to lock-up
undertakings upon
Listing
Last day subject
to the lock-up
undertakings (2)
Southeast Investment
119,902,744
(including
59,951,372 H
Shares and
59,951,372
Unlisted Shares) 4.17% 4.78% April 13, 2026
Southeast Investment
Holding (1)
78,624,750
Unlisted Shares - 3.13% April 13, 2026
Haisong Chaoyue 58,968,563 H
Shares 4.10% 2.35% April 13, 2026
Suzhou Zhongjin
SAIC Emerging
Industry Equity
Investment Fund
Partnership (L.P.) /
蘇州中金上汽新興
產業股權投資基金
合夥企業(有限合
夥)
39,312,375
Unlisted Shares - 1.57% April 13, 2026
Southeast Xinneng
26,208,250
(including
13,104,125 H
Shares and
13,104,125
Unlisted Shares) 0.91% 1.04% April 13, 2026
Xiamen C&D
Emerging Industry
Equity Investment
No. 2 Partnership
(L.P.) / 廈門建發新
興產業股權投資貳
號合夥企業(有限合
夥)
26,208,250
(including
7,862,475 H
Shares and
18,345,775
Unlisted Shares) 0.55% 1.04% April 13, 2026
Chuanghe Xincai
(Xiamen)
Manufacturing
Transformation and
Upgrading Fund
Partnership (L.P.) /
創合鑫材(廈門)製
造業轉型升級基金
26,208,250 H
Shares 1.82% 1.04% April 13, 2026
11


--- page 12 ---
Name
Number of
Shares held in
the Company
subject to lock-
up undertakings
upon Listing
% of total issued H
Shares after the
Global Offering
subject to lock-up
undertakings upon
Listing
% of shareholding
in the Company
subject to lock-up
undertakings upon
Listing
Last day subject
to the lock-up
undertakings (2)
合夥企業(有限合
夥)
Suchuang Energy
Investment
26,208,250
Unlisted Shares - 1.04% April 13, 2026
Jiaxing Chenyue
Equity Investment
Partnership (L.P.) /
嘉興宸玥股權投資
合夥企業(有限合
夥)
17,035,363 H
Shares 1.18% 0.68% April 13, 2026
Xiamen ITG Group
Corp., Ltd. / 廈門國
貿產業發展股權投
資基金合夥企業(有
限合夥)
13,104,125
(including
3,931,237 H
Shares and
9,172,888
Unlisted Shares) 0.27% 0.52% April 13, 2026
Dou Yulin / 竇玉林 6,552,063
Unlisted Shares - 0.26% April 13, 2026
Wu Yafeng / 吳雅鳳 6,552,063
Unlisted Shares - 0.26% April 13, 2026
Nanjing Heyi Science
and Technology
Innovation
Investment
Partnership (L.P.) /
南京合翼科技創新
投資合夥企業(有限
合夥)
2,620,825 H
Shares 0.18% 0.10% April 13, 2026
Subtotal
447,505,871
(including
189,682,210 H
Shares and
257,823,661
Unlisted
Shares) 13.18% 17.84%
Notes:
(1) In addition to the 78,624,750 Unlisted Shares held by Southeast Investment Holding as shown herein, Southeast Investment
Holding subscribed for additional 36,456,900 H Shares as a cornerstone investor  pursuant to the relevant cornerstone
investment agreement and agreed on a lock-up period of six months for the Offer Shares subscribed for thereunder, details
of which are set out in the section headed “Lock-up Undertakings – Cornerstone Investors” below in this announcement.
(2) The expiry date of the lock-up period shown in the table above is pursuant to the PRC Company Law.

Other Existing Shareholders
12


--- page 13 ---
Name
Number of
Shares held in
the Company
subject to lock-
up undertakings
upon Listing
% of total issued H
Shares after the
Global Offering
subject to lock-up
undertakings upon
Listing
% of shareholding
in the Company
subject to lock-up
undertakings upon
Listing
Last day subject
to the lock-up
undertakings (1)
Huafu Growth
Investment Co., Ltd. /
華福成長投資有限
公司
165,689,009
(including
28,544,347 H
Shares and
137,144,662
Unlisted Shares) 1.98% 6.61% April 13, 2026
Ningbo Meishan Free
Trade Port Xingsi
Shenglian Investment
Partnership (L.P.) /
寧波梅山保稅港區
興思勝聯投資合夥
企業(有限合夥)
108,390,811 H
Shares 7.53% 4.32% April 13, 2026
Gongqingcheng
Shuanghe Zhenghua
Investment
Partnership (L.P.) /
共青城雙禾正華投
資合夥企業(有限合
夥)
54,176,243
(including
21,670,497 H
Shares and
32,505,746
Unlisted Shares) 1.51% 2.16% April 13, 2026
Gongqingcheng
Chenxi No. 12 Equity
Investment
Partnership (L.P.) /
共青城晨熹十二號
股權投資合夥企業
(有限合夥)
36,117,495
(including
25,282,247 H
Shares and
10,835,248
Unlisted Shares) 1.76% 1.44% April 13, 2026
Nanjing Konggang 33,137,802 H
Shares 2.30% 1.32% April 13, 2026
Subtotal
397,511,360
(including
217,025,704 H
Shares and
180,485,656
Unlisted
Shares) 15.08% 15.85%

Note:

(1) The expiry date of the lock-up period shown in the table above is pursuant to the PRC Company Law.


Cornerstone Investors
13


--- page 14 ---
Name
Number of
Shares held in
the Company
subject to lock-
up undertakings
upon Listing
% of total issued H
Shares after the
Global Offering
subject to lock-up
undertakings upon
Listing
% of shareholding
in the Company
subject to lock-up
undertakings upon
Listing
Last day subject
to the lock-up
undertakings (2)
Jiangsu Mixed
Ownership Reform
Fund
12,692,100 H
Shares 0.88% 0.51%
October 13,
2025
Suzhou High-end
Equipment Fund
25,942,500 H
Shares 1.80% 1.03%
October 13,
2025
Southeast Investment
Holding (1)
36,456,900 H
Shares 2.53% 1.45%
October 13,
2025
Subtotal
75,091,500 H
Shares 5.21% 2.99%
Notes:
(1) Southeast Investment Holding is also an existing S hareholder of the Company. In addition to the 36,456,900 H Shares
subscribed for  by Southeast Investment  Holding in its capacity as a cornerstone investor pursuant to the relevant
cornerstone investment agreement as shown herein, Southeast Investment Holding held 78,624,750 Unlisted Shares prior
to the Global Offering which are subject to a twelve -month lock-up period pursuant to the PRC Company Law , details of
which are set out in the section headed “Lock-up Undertakings – Pre-IPO Investors (as defined in the Prospectus ) other
than the Financial Shareholders as disclosed above” in this announcement.
(2) In accordance with the respective cornerstone investment agreement s, the required lock -up periods end on October 13,
2025. The relevant cornerstone investors will cease to be prohibited from disposing of or transferring the Shares subscribed
for pursuant to their respective cornerstone investment agreements after the indicated date.

14


--- page 15 ---
PLACEE CONCENTRATION ANALYSIS
Placees* Number of H Shares allotted

Allotment as % of International
Offering Allotment as % of total Offer Shares  Number of Shares held upon Listing
% of total issued share capital upon
Listing
Top 1 36,456,900  33.33% 30.00% 36,456,900  1.45%
Top 5  100,293,900  91.70% 82.53% 100,293,900  4.00%
Top 10

 109,339,800  99.97% 89.97% 109,339,800  4.36%
Top 25

 109,344,300  99.98% 89.98% 109,344,300  4.36%

Note
* Ranking of placees is based on the number of H Shares allotted to the placees.

H SHAREHOLDERS CONCENTRATION ANALYSIS
H
Shareholders*
Number of H Shares
allotted

Allotment as % of
International Offering
Allotment as % of total
Offer Shares
Number of H Shares held
upon Listing
% of total issued H
Shares capital upon
Listing
Number of Shares held
upon Listing
% of total issued Shares
capital upon Listing
Top 1  0 NA NA 560,693,101  38.95% 1,159,012,918  46.20%
Top 5  54,404,700  49.74% 44.77% 1,003,944,430  69.75% 1,918,607,819  76.48%
Top 10  93,039,300  85.07% 76.56% 1,275,790,565  88.64% 2,222,952,184  88.62%
Top 25  111,956,700  97.88% 92.13% 1,429,805,739  99.34% 2,433,412,477  97.01%

Note
* Ranking of H Shareholders is based on the number of H Shares held by the H Shareholders upon Listing.
15


--- page 16 ---
SHAREHOLDER CONCENTRATION ANALYSIS
Shareholders* Number of H Shares allotted

Allotment as % of
International Offering
Allotment as % of total Offer
Shares
Number of H Shares held
upon Listing
Number of Shares held upon
Listing
% of total issued share
capital upon Listing
Top 1 0 N/A 0 560,693,101 1,159,012,918  46.20%
Top 5 75,091,500  68.66% 61.79% 998,800,469 1,939,672,108  77.32%
Top 10 93,039,300  85.07% 76.56% 1,271,252,812 2,250,920,177  89.73%
Top 25 105,265,200  96.25% 86.62% 1,429,805,739 2,492,241,603  99.35%

Note
* Ranking of Shareholders is based on the number of Shares (of all classes) held by the Shareholder upon Listing.
16


--- page 17 ---
BASIS OF ALLOCATION UNDER THE HONG KONG PUBLIC OFFERING
Subject to the satisfaction of the conditions set out in the Prospectus, 5,998 valid applications
made by the public will be conditionally allocated on the basis set out below:

NO. OF SHARES
APPLIED FOR
NO. OF VALID
APPLICATIONS
BASIS OF
ALLOTMENT / BALLOT
APPROXIMATE
PERCENTAGE
ALLOTTED OF THE
TOTAL NO. OF
SHARES APPLIED
FOR
POOL A
300 2,956 300 Shares 100.00%
600 635 300 Shares plus 392 out of  635 to receive
additional 300 Shares 80.87%
900 413 600 Shares 66.67%
1,200 426 600 Shares plus 256 out of  426 to receive
additional 300 Shares 65.02%
1,500 205 900 Shares 60.00%
1,800 106 900 Shares plus 57 out of  106 to receive
additional 300 Shares 58.96%
2,100 79 1,200 Shares 57.14%
2,400 102 1,200 Shares plus 51 out of  102 to receive
additional 300 Shares 56.25%
2,700 31 1,500 Shares 55.56%
3,000 487 1,500 Shares plus 195 out of  487 to receive
additional 300 Shares 54.00%
6,000 179 2,400 Shares 40.00%
9,000 69 3,300 Shares 36.67%
12,000 90 3,600 Shares 30.00%
15,000 36 4,200 Shares 28.00%
18,000 23 4,800 Shares 26.67%
21,000 19 5,400 Shares 25.71%
24,000 21 6,000 Shares 25.00%
27,000 8 6,600 Shares 24.44%
30,000 37 6,900 Shares 23.00%
45,000 14 9,000 Shares 20.00%
60,000 15 9,600 Shares 16.00%
17


--- page 18 ---
75,000 8 10,500 Shares 14.00%
90,000 8 11,400 Shares 12.67%
105,000 3 12,900 Shares 12.29%
120,000 2 14,100 Shares 11.75%
150,000 10 16,800 Shares 11.20%
300,000 3 31,800 Shares 10.60%
450,000 3 46,200 Shares 10.27%
600,000 4 60,600 Shares 10.10%

5,992 Total number of Pool A successful applicants: 5,992
POOL B
750,000 1 206,100 Shares 27.48%
900,000 1 244,200 Shares 27.13%
2,700,000 1 727,200 Shares 26.93%
6,076,200 3 1,632,900 Shares 26.87%

6 Total number of Pool B successful applicants: 6

As at the date of this announcement, the relevant subscription monies previously deposited in the
designated nominee accounts have been remitted back to the accounts of all HKSCC participants.
Investors should contact their relevant brokers for any inquiries.

COMPLIANCE WITH LISTING RULES AND GUIDANCE
The Directors confirm that , except for the Listing Rules that have been waived  and/or in respect of
which consent has been obtained, the Company has complied with the Listing Rules and guidance
materials in relation to the placing, allotment and listing of the Company’s H Shares.
The Directors confirm that, to the best of their knowledge, the consideration paid by the placees or the
public (as the case may be) directly or indirectly for each Offer Share subscribed for or purchased by
them was the same as the final Offer Price in addition to any brokerage, AFRC transaction levy, SFC
transaction levy and Stock Exchange trading fee payable.
OTHERS / ADDITIONAL INFORMATION
Allocation of Offer Shares to Jiangsu Mixed Ownership Reform Fund and Suzhou  High-end
Equipment Fund as Cornerstone Investors with a waiver from strict compliance with Rule 10.04
of, and the Stock Exchange’s consent under paragraph 5(2) of Appendix F1 to, the Listing Rules
The Company has applied to the Stock Exchange for, and the Stock Exchange has granted to the
Company, a waiver from strict compliance with Rule 10.04 of, and the consent under paragraph 5(2)
of Appendix F1 to, the Listing Rules for permitting Jiangsu Mixed Ownership Reform Fund and
Suzhou High-end Equipment Fund, both close associates of existing Shareholders of the Company,
to participate in the Global Offering as cornerstone  investors. For details of the grounds and
conditions for such waiver and consent, see “Waivers – Waiver From Strict Compliance with Rule
18


--- page 19 ---
10.04 of the Listing Rules and the Stock Exchange’s Consent Under Paragraph 5(2) of Appendix F1
to the Listing Rules in Respect of Subscriptions of Offer Shares by Certain Existing Shareholder and
Close Associates as Cornerstone Investors  – I. Subscription of Offer Shares by Jiangsu Mixed
Ownership Reform Fund and Suzhou  High-end Equipment Fund and as Cornerstone Investors ” in
the Prospectus . The allocations of Offer Shares to Jiangsu Mixed Ownership Reform Fund and
Suzhou High-end Equipment Fund are in compliance with all the conditions under the waiver and
the consent granted by the Stock Exchange, details of which are set out in the section headed
“Allotment Results Details – International Offering – Allottee with  waivers/consents obtained”
above in this announcement.
Allocation of Offer Shares to Southeast Investment Holding as a Cornerstone Investor with a
consent under paragraph 17 of Chapter 4.15 of the Guide for New Listing Applicants
The Company has applied to the Stock Exchange for, and the Stock Exchange has granted to the
Company, a consent under paragraph 17 of Chapter 4.15 of the  Guide for New Listing Applicants
for allocation of securities to Southeast Investment Holding, an existing Shareholder of the Company,
as a cornerstone investor. For details of the grounds and conditions for such waiver and consent,
see “Waivers – Waiver From Strict Compliance with Rule 10.04 of the Listing Rules and the Stock
Exchange’s Consent Under Paragraph 5(2) of Appendix F1 to the Listing Rules in Respect of
Subscriptions of Offer Shares by Certain Existing Shareholder and Close Associates as Cornerstone
Investors – II. Subscription of Offer Shares by Southeast Investment Holding as Cornerstone
Investor”. The allocation of Offer Shares to Southeast Investment Holding is in compliance with all
the conditions under the waiver and the consent granted by the Stock Exchange, details of which are
set out in  the section headed “Allotment Results Details – International Offering – Allottee with
waivers/consents obtained” above in this announcement.
Placing to Bright Sapphire as a placee with a waiver from strict compliance with Rule 10.04 of ,
and a prior consent under paragraph 5(2) of Appendix F1 to, the Listing Rules
The Company has applied to the Stock Exchange for, and the Stock Exchange has granted to the
Company, a waiver from strict compliance with Rule 10.04 of, and consent under paragraph 5(2) of
Appendix F1 to, the Listing Rules to permit Bright Sapphire, a close associate of Haisong Chaoyue,
an existing Shareholder of the Company, to participate in the International Offering as a placee. The
allocation of Offer Shares to Bright Sapphire is in compliance with  all the conditions under the
waiver and the consent granted by the Stock Exchange, details of which are set out in the section
headed “Allotment Results Details – International Offering – Allottee with  waivers/consents
obtained” above in this announcement.

DISCLAIMERS

Hong Kong Exchanges and Clearing Limited, The Stock Exchange of Hong Kong Limited and
Hong Kong Securities Clearing Company Limited  take no responsibility for the contents of this
announcement, make no representation as to its accuracy or completeness and expressly
disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the
whole or any part of the contents of this announcement.
This announcement is not for release, publication, distribution, directly or indirectly, in or into
the United States (including its territories and possessions, any state of the United States and the
District of Columbia). This announcement does not const itute or form a part of any offer or
solicitation to purchase or subscribe for securities in the United States. The securities mentioned
herein have not been, and will not be, registered under the United States Securities Act of 1933,
19


--- page 20 ---
as amended (the “ U.S. Securities Act ”). The securities may not be offered or sold in the United
States except pursuant to an exemption from the registration requirements of the U.S. Securities
Act and in compliance with any applicable state securities laws, or outside the United States
unless in compliance with Regulation S under the U.S. Securities Act. There will be no public
offer of securities in the United States.
The Offer Shares are being offered and sold outside the United States in offshore transactions in
reliance on Regulation S under the U.S. Securities Act.
This announcement is for information purposes only and does not constitute an invitation or offer
to acquire, purchase or subscribe for securities. This announcement is not a prospectus. Potential
investors should read the Prospectus for detailed information about the Global Offering
described above before deciding whether or not to invest in the Shares thereby being offered.
*Potential investors of the Offer Shares should note that the  Joint Sponsors  and the Joint
Representatives  (for themselves  and on behalf of  the Hong Kong Underwriters) shall be entitled
to terminate their obligations under the Hong Kong Underwriting Agreement with immediate
effect upon the occurrence of any of the events set out in the paragraph headed “Underwriting
– Underwriting Arrangements  – Hong Kong Public Offering – Grounds for Termination ” in the
Prospectus at any time prior to 8:00 a.m. (Hong Kong time) on the Listing Date (which is
currently  expected  to be on April 14, 2025).

20


--- page 21 ---
PUBLIC FLOAT
The Company has applied to the Stock Exchange for, and the Stock Exchange has granted to the
Company, a waiver from strict compliance with the requirements of Rule 8.08(1)(a) of the Listing
Rules to reduce the minimum public float of the Company to the higher of (i) 21.16% of the total
issued share capital of the Company (assuming the conversion of Unlisted Shares into H Shares is
completed and the Over-allotment Option is not exercised), and (ii) such percentage of H Shares to
be held by the public upon completion of the Global Offering (the “Public Float Waiver ”).
Immediately following the completion of the Global Offering, approximately 21.16% of the total
issued share capital of the Company, will be held in the public hands, satisfying the minimum
percentage as prescribed by the Public Float Waiver.
The Directors confirm that, immediately following the completion of the Global Offering, (i)
no placee will, individually, be placed more than 10% of the enlarged issued share capital of
the Company immediately after the Global Offering; (ii) there will not be any new substantial
Shareholder immediately after the Global Offering; (iii) the three largest public Shareholders
do not hold more than 50% of the Shares held in the public hands at the time of the Listing in
compliance with Rules 8.08(3) and 8.24 of the Listing Rules; and (iv) there will be at least 300
Shareholders at the time of the Listing in compliance with Rule 8.08(2) of the Listing Rules.
COMMENCEMENT OF DEALINGS
The H Share certificates will only become valid evidence of title at 8:00 a.m. on Monday, April 14,
2025 (Hong Kong time), provided that the Global Offering has become unconditional and the right
of termination described in the paragraphs headed “Underwriting – Underwriting Arrangements –
Hong Kong Public Offering – Grounds for Termination ” in the Prospectus has not been exercised.
Investors who trade the H Shares on the basis of publicly available allocation details prior to the
receipt of H Share certificates or prior to the H Share certificates becoming valid evidence of title
do so entirely at their own risk.
Assuming that the Global Offering becomes unconditional at or before 8:00 a.m. on Monday, April
14, 2025 (Hong Kong time), it is expected that dealings in the H Shares on the Stock Exchange
will commence at 9:00 a.m. on Monday, April 14, 2025 (Hong Kong time).
The H Shares will be traded in board lots of 300 H Shares each, and the stock code of the H Shares
will be 3677.
By order of the Board
Jiangsu Zenergy Battery Technologies Group Co., Ltd.
Dr. Chen Jicheng
Executive Director and General Manager
Hong Kong, April 11, 2025
As of the date of this announcement, the board of directors of the Company comprise: (i) Ms.
Cao Fang, Dr. Chen Jicheng and Dr. Yu Zhexun as executive directors; (ii) Mr. Zhang Li as
non-executive director; and (iii) Dr. Xu Zhiming, Dr. Gong Zhengliang and Dr. Xiao Min as
independent non-executive directors.
21
