On February 13, 2026, Yongtai Technology (002326.SZ) officially declared its intention to abandon the previously proposed plan. This plan entailed issuing shares to acquire a 25% equity interest in Shaowu Yongtai Advanced New Materials Co., Ltd., which is currently held by Contemporary Amperex Technology Co. Limited (CATL), along with raising supplementary funds. The decision to terminate was prompted by the inability of the involved parties to achieve a consensus regarding the transaction framework.
Trading of the company's shares is set to recommence on February 24, coinciding with the market's opening bell. Furthermore, Yongtai Technology has pledged not to undertake any significant asset restructuring initiatives for a minimum period of one month from the date of this announcement. It is worth noting that the termination of this plan is not anticipated to exert a substantial negative influence on the company's ongoing production and operational activities.
