Mustang Battery announced that the company's co-actual controllers Yu Yuankang, Chen Enle, Chen Yijun, Yu Gufeng, Chen Kejun, and Yu Guyong renewed the “Concerted Action Agreement” on November 12, 2026. The agreement is valid for three years, from November 13, 2026 to November 12, 2029. This renewal adjusts some of the statements in the original agreement to adapt to changes in the corporate governance structure. The joint actual controller of the company did not change after the renewal, and the total voting rights ratio of the six people at their disposal of the company's shares was 72.19%.

Mustang Battery announced that the company's co-actual controllers Yu Yuankang, Chen Enle, Chen Yijun, Yu Gufeng, Chen Kejun, and Yu Guyong renewed the “Concerted Action Agreement” on November 12, 2026. The agreement is valid for three years, from November 13, 2026 to November 12, 2029. This renewal adjusts some of the statements in the original agreement to adapt to changes in the corporate governance structure. The joint actual controller of the company did not change after the renewal, and the total voting rights ratio of the six people at their disposal of the company's shares was 72.19%.