Tsaker New Energy Tech Announces Termination of Repurchase Right for Xingaodi Capital
Key Highlights
- Termination of Repurchase Right: Tsaker New Energy Tech Co., Limited (“the Company”) has announced the termination of the Repurchase Right previously granted to Xingaodi Capital, one of its Preferential Investors.
- Equity Transfer: On 27 July 2026, Xingaodi Capital notified Shandong TNM, a subsidiary of Tsaker, of its agreement to transfer all its equity interest to an independent investor (the “Transferee”).
- Repurchase Right Not Transferred: The Repurchase Right associated with Xingaodi Capital’s equity interest will be terminated entirely upon completion of the transfer and will not be transferred to the new investor.
- Impact on Shareholders: The transferred equity interest is no longer subject to any Repurchase Right, and the Repurchase Right enjoyed by Xingaodi Capital will not vest in the Transferee.
- Further Updates: The Company will provide additional announcements regarding any changes in the Repurchase Right arrangements with other Preferential Investors as required by the Listing Rules.
- Board Composition: The current board includes Mr. GE Yi (Chairman), Mr. BAI Kun (Vice Chairman), Mr. FONTAINE Alain Vincent, Mr. PAN Deyuan, Mr. ZHU Lin (Lead Independent Non-executive Director), Mr. YU Miao, and Ms. LU Xin.
Details for Investors
Tsaker New Energy Tech Co., Limited has disclosed a significant development regarding its equity structure and rights of its investors. Following the execution of the Shareholders’ Agreement and Capital Increase Agreement in 2023, certain investors—including Xingaodi Capital—were granted a Repurchase Right, a preferential mechanism designed to protect their investment.
As of 27 July 2026, Xingaodi Capital has agreed to transfer its entire equity interest in Shandong TNM to an independent third party. With this transaction, the Repurchase Right previously attached to Xingaodi Capital’s stake will be extinguished in full. Importantly, the Transferee will not inherit any Repurchase Right, and the transferred shares will not be subject to repurchase by the Company. This marks a decisive end to Xingaodi Capital’s preferential rights under the Shareholders’ Agreement for this equity stake.
This action could have implications for the Company’s capital structure, investor sentiment, and potentially the share price, as the termination of a Repurchase Right may alter perceived investor protections and the attractiveness of similar future investments. Shareholders should note that the exit of Xingaodi Capital, and the removal of the Repurchase Right, could influence both the control dynamics within Shandong TNM and future negotiations with other Preferential Investors.
The Company has committed to providing further updates on any developments concerning Repurchase Rights with other Preferential Investors in compliance with the Hong Kong Listing Rules.
Potential Impact on Shareholders and Share Price
- Change in Investor Rights: The removal of the Repurchase Right could impact the investment security for other preferential shareholders and may be viewed as a reduction of investor protections.
- Market Perception: Investors may reassess risk and value propositions following this change, which could lead to share price volatility.
- Disclosure and Transparency: The Company’s ongoing commitment to transparency and regulatory compliance may reassure market participants.
- Strategic Implications: The transaction may lead to changes in the strategic direction or partnership composition of Shandong TNM.
Board Statement
The announcement was authorized by the Board of Tsaker New Energy Tech Co., Limited, with Mr. GE Yi serving as Chairman.
Disclaimer: The above article is for informational purposes only and does not constitute investment advice. Investors should conduct their own research or consult professional advisors before making any investment decisions. The Company will continue to make disclosures as required under the Hong Kong Listing Rules.
