TSAKER NE (01986): Caike Huayu and Shunheng Wotai entered into an equity transfer agreement to repurchase shares of Shandong Caike New Materials

TSAKER NE (01986) announced that pursuant to the new shareholders' agreement, the preferred investors (including Shunheng Wotai and eight other investors) were granted repurchase rights. As one of the trigger events under the repurchase rights, if by December 31, 2026, Shandong Caike New Materials fails to complete a public offering and listing on a securities trading market within China (the A-share market, excluding the listing of Shandong Caike New Materials shares on the National Equities Exchange and Quotations and the Beijing Stock Exchange) or another securities trading market recognized by the preferred investors, Shunheng Wotai will have the repurchase right to require the promisors to repurchase its equity in Shandong Caike New Materials. Based on the current project progress and the provisions on repurchase rights in the new shareholders' agreement, following consultation and agreement between the Group and Shunheng Wotai, on October 17, 2026, Caike Huayu (as one of the promisors) entered into an equity transfer agreement with Shunheng Wotai to repurchase all shares of Shandong Caike New Materials held by Shunheng Wotai (representing approximately 0.43% of the issued share capital of Shandong Caike New Materials as at the date of this announcement). The exercise of the repurchase right by Shunheng Wotai will not have any impact on the business and operations of Shandong Caike New Materials and the Group. Upon completion of the repurchase, Shandong Caike New Materials will remain an indirect non-wholly-owned subsidiary of the Company and a direct non-wholly-owned subsidiary of Caike Huayu. Shandong Caike New Materials will continue to be accounted for as a subsidiary of the Company.