REPT BATTERO Sets Long-Term Connected Transaction Frameworks With Controlling Shareholder Tsingshan

REPT BATTERO Energy Company Ltd has signed four framework agreements with its controlling shareholder, Tsingshan Group, covering product purchases, property leasing, and service provision, effective until the end of 2028. These agreements necessitate various levels of disclosure and independent shareholder approval under Hong Kong listing rules. An independent board committee and external financial adviser will assess the fairness of these transactions for minority investors before a shareholder meeting. REPT BATTERO is a Hong Kong-listed company in the energy and battery sector, with a market cap of HK$40.17B.