Equity Transfer Agreement Regarding Shenzhen BAK Power Battery Co., Ltd. between Shenzhen BAK Battery Co., Ltd. and Nanjing CBAK New Energy Technology Co., Ltd. September 2023 Equity Transfer AgreementEquity Transfer Agreement • October 3rd, 2023 • CBAK Energy Technology, Inc. • Miscellaneous electrical machinery, equipment & supplies
In view of the common needs of the parties hereto to achieve mutual benefit and strategic synergy in future product development and market expansion, Party B intends to accept the transfer of 5% of Party C’s equity held by Party A based on the Target Company’s valuation of CNY 5.2 billion. Through friendly negotiation between the parties hereto, the following agreement has been reached:
Zhejiang Shengyang Renewable Resources Technology Co., Ltd. Equity Transfer Contract between Xu Shengyang and Zhejiang Hitrans Lithium Technology Co., Ltd. September 2023 Jinhua, ChinaCBAK Energy Technology, Inc. • October 3rd, 2023 • Miscellaneous electrical machinery, equipment & supplies
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