QingTao Energy: Rumors of a reverse merger for listing are untrue; it will initiate the IPO process at an opportune time based on development needs in the future

Regarding the rumors of QingTao Energy planning to go public through a reverse merger, QingTao Energy clarified that the company has always focused on the research and industrialization of semi-solid batteries and all-solid batteries, and is currently making every effort to promote the large-scale production of its products. Thanks to the attention from the capital market, the company has established strategic cooperation with several listed companies in areas such as market expansion, joint material development, and equipment supply. Such cooperation is based on technological complementarity and industrial synergy, with broad prospects for the future, but does not involve capital operation-level reverse merger arrangements. The company is strictly improving its governance structure in accordance with the regulatory requirements for listed companies and will initiate the IPO process at an opportune time based on business development needs, disclosing progress through official channels