This is the second significant energy storage system order for eLong Power in Q2 2024 after it signed a RMB480 million (approximately US$66 million) order for work in Shandong province, China. With over 10 years of experience in high-power lithium-ion batteries, eLong Power focuses on the research and development of solid-state batteries. A supplier of high-power batteries for electric vehicles and construction machinery since its inception, it entered the energy storage market in 2023. eLong Power seeks to ...

Company Overview - eLong Power Holding Limited specializes in high-power lithium-ion batteries for electric vehicles and energy storage systems, with a focus on research, development, manufacturing, and sales [10][11] - The company has developed a comprehensive product and technology system, including battery cells, modules, and battery management systems, aimed at high-power applications and long-cycle energy storage [11][19] Business Combination - TMT Acquisition Corp (TMTC) and eLong Power have entered into a definitive business combination agreement, expected to close in the second half of 2024, which will allow eLong Power to become a publicly traded company [4][5] - The merger is anticipated to provide eLong Power with access to U.S. public equity markets, facilitating business expansion and growth opportunities [5] Recent Developments - eLong Power has signed a supply contract for energy storage systems valued at RMB480 million (approximately US$66 million), marking a significant milestone in its large-scale energy storage market entry [1][19] - The contract involves a 600MWh lithium battery storage system for a municipal project in Shandong province, with delivery expected by October 31, 2024 [1] Market Trends - The electrochemical energy storage market, primarily driven by lithium-ion batteries, has seen its market share grow from less than 1% in 2017 to approximately 20% in 2022, with a projected compound annual growth rate (CAGR) of 56.7% from 2022 to 2027 [2] - The global commercial electric vehicle (EV) market is expected to grow from US$11.3 billion in 2023 to approximately US$54.3 billion in 2030, representing a CAGR of 29.9% [2] Leadership Comments - eLong Power's CEO, Xiaodan Liu, expressed optimism about the company's growth trajectory in 2024, highlighting several new orders expected to be signed soon [3] - TMTC's Chairman and CEO, DJ Guo, emphasized the significance of the purchase order secured by eLong Power as a validation of the merger's potential to deliver long-term shareholder value [3]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________to ________ Commission file number: 001-41667 TMT Acquisition Corp (Exact name of registrant as specified in its charter) Cayman Islands N/A (State o ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-41667 TMT Acquisition Corp (Exact name of registrant as specified in its charter) Cayman Islands N/A (State or other jurisdiction of incorporation or org ...

FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarter ended September 30, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 For the transition period from to Commission file number: 001-41667 TMT Acquisition Corp (Exact Name of Registrant as Specified in Its Charter) Cayman Islands N/A (State or other jurisdiction of in ...

Financial Performance - For the three months ended June 30, 2023, the company reported a net income of $468,703, primarily from interest income of $602,526 from investments held in the trust account[96]. - The company has not generated any operating revenues to date and expects to incur increased expenses as a public company[95]. - The company recorded a total net loss, with income (loss) per share calculated using the two-class method[124]. IPO and Fundraising - The company generated gross proceeds of $60,000,000 from its IPO of 6,000,000 units at $10.00 per unit, along with an additional $3,700,000 from the sale of 370,000 Private Placement Units[98]. - The company completed the sale of 370,000 Private Placement Units at a price of $10.00 per unit, generating total gross proceeds of $3,700,000[115]. - Offering costs associated with the IPO amounted to $3,868,701, with $3,781,346 allocated to public shares subject to redemption[123]. Financial Position - As of June 30, 2023, the company held marketable securities in the Trust Account amounting to $61,802,526, consisting of U.S. government treasury bills, bonds, or notes[100]. - The company had a cash balance of $116,187 and a working capital surplus of $129,024 as of June 30, 2023[101]. - The company accounts for ordinary shares subject to possible redemption at a redemption value of $10.20 per share, classified as temporary equity[121]. - As of June 30, 2023, there were no off-balance sheet arrangements or contractual obligations[126]. Business Operations and Future Plans - The company may extend the period to consummate a business combination up to three times, each by an additional three months, with a total potential extension of up to 21 months[111]. - The company has the option to convert up to $1,800,000 of loans from sponsors into working capital units at a price of $10.00 per unit upon consummation of the initial business combination[114]. - The company lacks sufficient financial resources to sustain operations for a reasonable period, raising substantial doubt about its ability to continue as a going concern[104]. Related Party Transactions - As of June 30, 2023, the company had $10,000 due to a related party for administration fees and $34,318 due from a related party for the purchase of Private Placement Units[117]. - An administration fee of $30,000 and $40,000 was recorded for the three and six months ended June 30, 2023, respectively[119]. Accounting and Compliance - The company has not identified any critical accounting policies that could materially affect its financial statements[120]. - The company is classified as an "emerging growth company" under the JOBS Act, allowing it to delay the adoption of new accounting standards[127]. - The net proceeds from the IPO will be invested in U.S. government treasury bills or money market funds, minimizing exposure to interest rate risk[130].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarter ended March 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-41667 TMT Acquisition Corp (Exact Name of Registrant as Specified in Its Charter) Cayman Islands N/A (State or other jurisdiction of incorp ...