China Energy Storage Tech (01143.HK): Privatization Scheme Effective 4 August; Listing to be Withdrawn from 5 August

NewTimeSpace News: China Energy Storage Technology Development Limited (stock code: 1143) and Fame Castle Enterprises Limited (the Offeror) issued a joint announcement regarding the effective date of the scheme, the withdrawal of listing status, dispatch of cheques, and the share option offer.

According to the announcement, at the court hearing held on 31 July 2026 (Friday) (Cayman Islands time), the Grand Court approved the scheme without amendment. The order approving the scheme was delivered to the Registrar of Companies of the Cayman Islands for registration on 4 August 2026 (Tuesday) (Cayman Islands time). All conditions set out in the Explanatory Statement in Part VI of the Scheme Document having been satisfied, the scheme became effective on 4 August 2026 (Tuesday) (Cayman Islands time).

The listing of shares on the Main Board of the Stock Exchange will be withdrawn with effect from 4:00 p.m. on 5 August 2026 (Wednesday) (Hong Kong time). Cheques for the cancellation price will be dispatched as soon as possible and in any event within seven business days after the effective date (i.e., on or before 13 August 2026 (Thursday) (Hong Kong time)).

The share option offer was conditional upon the scheme becoming effective. As the scheme became effective on 4 August 2026 (Tuesday) (Cayman Islands time), the share option offer became unconditional in all respects on the same day. Under Rule 15.3 of the Takeovers Code, the share option offer must remain open for acceptance for at least 14 days after becoming unconditional. The closing date of the share option offer is 18 August 2026 (Tuesday), with the last date and time for acceptance at 4:00 p.m. on that day. The last date for option holders to submit exercise notices is 4 September 2026 (Friday).

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