Colibri Technologies (stock code: 002957), a wholly-owned subsidiary of Shenzhen Colibri Technologies New Energy Co., Ltd. (hereinafter referred to as "Colibri New Energy"), proposes to acquire 100% equity of Huizhou Dingli Intelligent Technology Co., Ltd. (hereinafter referred to as "Top Power Intelligence Technology") with RMB 277 million in cash. Through the merger & acquisition of Top Power Intelligence, Colibri New Energy has improved its capacity to address the problems in the middle and back stages of lithium batteries, which will promote the joint development of both parties in the field of new energy lithium battery manufacturing equipment, becoming a reliable integration solution provider of lithium battery middle and back stage equipment across the abroad.

Colibri Technologies, established in 2001, an early participant and promoter of Chinese automation industry. It is devoted to innovating and applying the automation technology, as well as advancing the development of intelligent manufacturing. Since 2020, Colibri Technologies has focused on the strategic planning of 3+N, giving a priority to the strategic development of new energy lithium battery manufacturing equipment. Currently, Colibri Technologies is a leading provider of bare cell manufacturing and cell assembly equipment in the sector of new energy.

Top Power Intelligence, focusing on the back-end process of power lithium battery production, produces core high-end equipment such as chemical composition capacity, voltage internal resistance test, sorting, etc., offering the customers the overall solutions for the back-end process of new energy lithium battery manufacturing equipment.

It is hoped that, with the powerful combination, the resource sharing and mutual complementarity can be better realized, thereby facilitating the two sides to set sail on the road of pursuing new energy. This acquisition, building on the big platform of Colibri Technologies, explores the development of the new energy battery equipment industry in a multi-field, all-round and in-depth level, enhances the industrial competitiveness, promotes strategic coordinated development, and offers sound services for the lithium battery companies at home and abroad. By doing the above, it can provide intelligent manufacturing power for the sustainable energy industry, and accelerate the pace of the long-term objective of carbon peak and carbon neutrality.