Greebo (301260.SZ): Wholly-owned company recalls Kobalt brand 24V and 48V garden power tools

Zhitong Finance App News, Glebe (301260.SZ) issued an announcement. The company recently received a notice from the wholly-owned company Greenworks North America, LLC (“Greenworks Tools”). The US Consumer Product Safety Commission (“CPSC”) issued a recall notice with number 26-611 on July 9, 2026, local time. Greenworks Tools has targeted Kobalt brands 24v and 24v for lithium-ion batteries equipped with a USB-C charging interface 48V garden power tools have been recalled.

The main reason for the recall is that when lithium batteries are installed on the garden power tools described above, the USB-C port is not used to charge the battery pack in accordance with the instructions in the instructions, which may cause the risk of a short circuit on the battery pack's BMS circuit board. As of the date the CPSC recall notice was issued, there were no injuries or property damage.

The company and its subsidiaries will bear the costs and costs associated with this recall. Since the recall notice was officially issued, the company is currently unable to determine the costs involved in this recall for the time being, and the final impact on business performance will be based on actual implementation. In addition, the company has purchased product recall insurance for all categories of products sold globally (including this recalled product). The final amount of compensation and payment time that can be obtained are still to be determined in accordance with the agreement in the insurance contract and reviewed by the insurance agency.