CBAK Energy to redomicile from Nevada to Cayman Islands via merger; share conversion 1:1

CBAK Energy Technology, Inc.

CBAK Energy Technology (CBAT) will merge into its Cayman subsidiary, with the Cayman entity surviving as public company.
Each outstanding share of CBAT common stock will convert into one ordinary share of the Cayman company.
Merger requires approval by holders of a majority of CBAT outstanding shares; board has unanimously approved.
Redomicile expected to close by end of 2025, subject to shareholder vote, SEC Form F-4 effectiveness, and Nasdaq listing.
Directors and officers of CBAT will become directors and officers of the Cayman surviving company after merger.

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