SCHEDULE: Gimli Group Acquires 11.7% Stake in CBAK Energy

Gimli Group Limited, Balentine Holdings Limited, and Xiuzhu Li have reported beneficial ownership of 11.7% of CBAK Energy Technology, Inc. common stock, acquired via a gift.

Summary

• Gimli Group Limited, Balentine Holdings Limited, and Xiuzhu Li (the "Reporting Persons") have filed a Schedule 13D, indicating significant beneficial ownership in CBAK Energy Technology, Inc.
• The Reporting Persons collectively beneficially own 10,413,371 shares of CBAK Energy Technology, Inc. common stock.
• This ownership represents 11.7% of the issuer's total outstanding common stock, calculated based on 88,645,836 shares issued and outstanding as reported in a Schedule 14A filed on November 14, 2025.
• Gimli Group Limited acquired these shares as a bona fide gift from Mr. Yunfei Li for $0.00, pursuant to a Stock Transfer Agreement dated December 3, 2025.
• Balentine Holdings Limited is the sole shareholder of Gimli Group Limited, and Xiuzhu Li is the sole shareholder of Balentine Holdings Limited, establishing indirect beneficial ownership for Balentine Holdings Limited and Xiuzhu Li.
• The Reporting Persons have stated they currently have no proposals or agreements related to changes in the issuer's control, management, or corporate structure.

Sentiment

Score: 5

Explanation: This is a neutral, factual disclosure of a change in beneficial ownership due to a gift. It does not contain positive or negative operational news for the company itself, nor does it indicate any immediate strategic intent by the new shareholders to influence the company's direction.

Future Outlook

The Reporting Persons have stated they have made no proposals and entered into no agreements that would result in any events related to changes in the issuer's control, management, or corporate structure.

Management Comments

• "We have made no proposals, and have entered into no agreements, which would be related to or would result in any of the events or matters described in part (a) through (j) of Item 4 of Schedule 13D."

Industry Context

This filing is a standard disclosure of a significant ownership stake and does not inherently provide specific industry context or trends for CBAK Energy Technology, Inc. beyond the change in its shareholder base.

Legal Proceedings

• The Reporting Persons have not, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).
• The Reporting Persons have not, during the last five years, been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction that resulted in a judgment, decree, or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.

Related Party Transactions

• Gimli Group Limited received 10,413,371 shares of Common Stock as a bona fide gift from Mr. Yunfei Li for $0.00, pursuant to a Stock Transfer Agreement dated December 3, 2025.

Stakeholder Impact

• The filing indicates a significant change in the ownership structure of CBAK Energy Technology, Inc., with a new group holding an 11.7% stake. While the Reporting Persons currently state no intent to change control or management, this substantial ownership could potentially influence future shareholder voting matters or strategic decisions.

Key Dates

Keywords

CBAK Energy Technology, Gimli Group Limited, Balentine Holdings Limited, Xiuzhu Li, Schedule 13D, Beneficial Ownership, Stock Transfer, Investment Holding, SEC Filing