China Energy Storage Tech privatisation scheme wins court sanction, set for Aug. 4 effective date

• A privatisation of China Energy Storage Technology Development by Fame Castle via a court-approved scheme of arrangement was sanctioned on July 31.
• The scheme is expected to become effective on Aug. 4, subject to final conditions being satisfied.
• Hong Kong listing withdrawal is scheduled for 4:00 p.m. on Aug. 5, conditional on the scheme taking effect.
• An option cancellation offer is expected to become unconditional on Aug. 4, staying open until 4:00 p.m. on Aug. 18.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. China Energy Storage Technology Development Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260803-12265588), on August 02, 2026, and is solely responsible for the information contained therein.