Jiewei Li - Aug 22, 2023 Form 3 Insider Report for CBAK Energy Technology, Inc. (CBAT)

Role: CFO
Signature: /s/ Jiewei Li
Stock symbol: CBAT
Transactions as of: Aug 22, 2023
Transactions value $: $0
Form type: 3
Date filed: 8/29/2023, 04:30 PM

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	CBAT	Common Stock						5K	Aug 22, 2023	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	CBAT	Restricted Share Units							Aug 22, 2023	Common Stock	5K		Direct	F2
holding	CBAT	Options							Aug 22, 2023	Common Stock	20K		Direct	F3
holding	CBAT	Options							Aug 22, 2023	Common Stock	4K		Direct	F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Representing 5,000 restricted share units granted under the Company's 2015 Equity Incentive Plan that have vested.
F2	Representing 5,000 restricted share units granted under the Company's 2015 Equity Incentive Plan that will vest on December 31, 2023.
F3	Representing an option to purchase 20,000 shares of common stock granted under the Company's 2015 Equity Incentive Plan, which will vest on June 30 and December 31 of 2024 and 2025 in four equal installments.
F4	On November 29, 2021, the reporting person was granted an option to purchase 20,000 shares of common stock. The option vests in 10 equal semi-annual installments based on the CBAT's satisfaction of certain performance criteria for each of the fiscal year ending December 31, 2021, 2022, 2023, 2024 and 2025. The performance criteria for 2021 were met, resulting in vesting of the option as to 2,000 shares on May 30, 2022 and 2,000 shares on November 30, 2022. The performance criteria for 2022 were not met, and thus, no portion of the option was vested in 2023.