SCHEDULE: Yunfei Li Gifts CBAK Energy Shares, Below 5% Ownership

Yunfei Li has transferred over 10 million shares of CBAK Energy Technology, Inc. as a gift, reducing beneficial ownership to 0.8% and filing an exit statement.

Summary

• Yunfei Li, the Reporting Person, filed Amendment No. 5 to Schedule 13D for CBAK Energy Technology, Inc. common stock, par value $0.001.
• This amendment serves as a final amendment and an exit filing for Yunfei Li, indicating he no longer beneficially owns more than 5% of the issuer's common stock.
• On December 3, 2025, Yunfei Li transferred 10,413,371 shares of common stock of CBAK Energy Technology, Inc. to Gimli Group Limited as a bona fide gift for $0.00 consideration.
• Following this transaction, Yunfei Li's beneficial ownership is 722,500 shares, representing 0.8% of the class.
• The percentage of class is based on 88,645,836 shares of common stock issued and outstanding, as reported in a Schedule 14A filed on November 14, 2025.

Sentiment

Score: 5

Explanation: The filing is neutral, reporting a factual change in beneficial ownership without explicit positive or negative implications for the company's operations or financial health. The transfer was a gift, not a sale for cash.

Positives

• The transfer was explicitly stated as a present, absolute, and irrevocable gift, indicating a clear intention without immediate financial gain for the seller.

Negatives

• Yunfei Li significantly reduced his stake in CBAK Energy Technology, Inc. by transferring 10,413,371 shares.
• The transfer was made for no consideration ($0.00), representing a divestment without monetary return for the seller.

Risks

• The transferred shares are restricted securities and have not been registered under the Securities Act or any applicable state securities law, limiting their immediate resale by the Purchaser.
• The Purchaser (Gimli Group Limited) acknowledges that it may possess material non-public information not known to the Seller (Yunfei Li) regarding or relating to the Purchaser or the Shares.
• The Purchaser is acquiring the shares for its own accounts for investment and not with a view to distribution or resale, and has no pre-arrangement to transfer them to a U.S. Person or return them to the United States securities markets.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: A significant individual shareholder (Yunfei Li) has reduced their stake below the 5% reporting threshold, which could be interpreted as a change in insider confidence or a restructuring of personal holdings.
• Gimli Group Limited: Becomes a new holder of a substantial block of restricted shares in CBAK Energy Technology, Inc.

Key Dates

Keywords

CBAK Energy Technology, Yunfei Li, Gimli Group Limited, Schedule 13D, Stock Transfer, Beneficial Ownership, Gift, Restricted Securities, Exit Filing