CATL Subsidiary Ningbo Wending to Invest RMB1.12 Billion in Xiamen Shidai Yiyuan Fund

On September 15, 2026, CATL disclosed two announcements concerning its participation in venture capital funds. The company's wholly owned subsidiary, Ningbo Meishan Bonded Port Area Wending Investment Co. , Ltd. , plans to participate as a limited partner in Xiamen Shidai Yiyuan Venture Capital Fund Partnership (Limited Partnership). The company's affiliate, Fujian Mindong Shidai Rural Investment Development Partnership (Limited Partnership), plans to participate in Xiamen Shidai Shenyuan Venture Capital Fund Partnership (Limited Partnership). The two subscribed capital contributions total RMB1.62 billion.

Xiamen Shidai Yiyuan Venture Capital Fund Partnership (Limited Partnership) has total subscribed capital of RMB5.768 billion. Ningbo Wending will subscribe RMB1.12 billion, representing a 19.4175% subscription share. Xiamen Puquan, as general partner and executive partner, will subscribe RMB168 million, or 2.9126%; Xiamen Ruiting, as a limited partner, will subscribe RMB4.48 billion, or 77.6699%. All partners will contribute in cash. The fund will mainly invest in the new energy industry chain, industrial applications of artificial intelligence and embodied intelligence, and scientific innovation, primarily through direct investment or through special purpose vehicles in unlisted company equity, convertible debt investments, bridge investments, partnerships or sub-funds. Xiamen Ruiting is CATL's controlling shareholder, holding 1.02 billion A shares, or 22.04% of the company's total share capital. The investment by Ningbo Wending and Xiamen Ruiting constitutes a related-party co-investment.

Xiamen Shidai Shenyuan Venture Capital Fund Partnership (Limited Partnership) has total subscribed capital of RMB4.90001 billion. Mindong Shidai will subscribe RMB500 million, representing a 10.2041% subscription share. The fund's partners also include Runze Zhisuan Technology Group Co. , Zijin Mining Equity Investment Management (Xiamen) Co. , and Lens Technology Co. The fund will mainly invest in artificial intelligence, embodied intelligence, technology applications, and frontier technology.

CATL's announcements state that both investments will be funded entirely with self-owned funds and will not affect the company's normal production and operating activities. The announcements say the company is participating in the investment funds as a limited partner through its wholly owned subsidiary and affiliate in order to leverage market-based mechanisms and the advantages of professional investment institutions, expand its presence in the new energy industry chain, industrial applications of artificial intelligence and embodied intelligence, and scientific innovation, broaden investment channels through market-oriented professional investment management teams, identify business cooperation and development opportunities, and obtain investment returns.