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 ...

IPO and Financial Proceeds - The company completed its initial public offering (IPO) on March 30, 2023, raising total gross proceeds of $60 million by selling 6,000,000 units at an offering price of $10.00 per unit[27]. - A total of $61.2 million of the net proceeds from the IPO and private placement were placed in a U.S.-based trust account for the benefit of public shareholders[29]. - The company generated gross proceeds of $60,000,000 from the IPO of 6,000,000 units at a price of $10.00 per unit[171]. - The company also raised $3,700,000 from the private placement of 370,000 units at the same price per unit[171]. - The total transaction costs for the IPO amounted to $3,868,701, which included $1,200,000 in underwriting discounts[172]. - The company has approximately $63,460,478 available for a business combination, which can be used for liquidity events, growth capital, or debt reduction[86]. - The company has access to $660,000 from IPO proceeds to cover potential claims and liquidation costs, estimated to be no more than $50,000[136]. Business Strategy and Acquisition Focus - The company plans to focus its acquisition efforts initially in Asia, particularly in China, while avoiding entities with operations consolidated through a VIE structure due to regulatory restrictions[23]. - The company aims to provide an attractive alternative to traditional IPOs for target businesses, potentially reducing costs and increasing execution certainty[43]. - The company is focused on identifying private companies in Asia with compelling economics and clear paths to positive operating cash flow for potential acquisitions[47]. - Asia is entering a new era of economic growth, driven by private sector expansion and technological innovation, which is expected to create attractive acquisition opportunities[48]. - The management team intends to focus on businesses with significant revenue and earnings growth potential through new product development and operational efficiencies[49]. - The company will only pursue acquisitions that can benefit from being publicly traded and have access to broader capital sources[52]. Merger and Business Combination - The company entered into a merger agreement with eLong Power on December 1, 2023, with modifications made in the A&R Merger Agreement on February 29, 2024[33]. - The company entered into a Merger Agreement to acquire ELong Power Holding Limited, which focuses on developing disruptive battery technologies, for a total value of $450,000,000[178][179]. - Upon consummation of the merger, shareholders will exchange TMT Ordinary Shares for eLong Power Class A Ordinary Shares on a one-for-one basis[62]. - The company anticipates structuring the business combination to acquire 100% of the equity interests or assets of the target business[68]. - The combined company may face restrictions on dividend payments from its PRC subsidiaries due to Chinese regulations on profit distributions[56]. - The company must complete its initial business combination with a target business having a fair market value of at least 80% of the trust account balance[64]. Financial Performance and Revenue - The company has had no revenue since inception and has incurred losses due to formation and operating costs, relying on the sale of securities and loans to fund operations[31]. - For the year ended December 31, 2023, the company reported a net income of $1,569,865, primarily from $2,260,478 in interest income from investments held in the trust account[170]. - The company has not generated any operating revenues to date and has incurred losses since inception due to formation and operating costs[169]. - The company has a net tangible asset requirement of at least $5,000,001 to consummate its initial business combination[142]. - The company has not paid any cash dividends to date and does not intend to do so prior to completing its initial business combination[154]. Management and Governance - The company has a management team with extensive experience in finance and investment, which is expected to drive value creation initiatives[25]. - The management team has established a deal sourcing network to access high-quality acquisition opportunities through contacts in government, private and public companies, and investment funds[42]. - The Board of Directors consists of four members, each serving a two-year term[210]. - The audit committee is comprised solely of independent directors, with Christopher Constable serving as the chairman[217]. - The company has established a compensation committee that will determine officer and director compensation post-business combination[214]. - The independent directors will hold regularly scheduled meetings to ensure governance and oversight[212]. Risks and Challenges - The company may face intense competition from other entities seeking similar business combinations, which may limit its ability to acquire larger target businesses[69]. - The company may face risks associated with selecting financially unstable or early-stage target businesses[94]. - The management team may not remain in senior positions post-business combination, affecting the future direction of the combined entity[99]. - There is a risk that the actual redemption amount may be less than $10.20 per share due to creditor claims against the trust account[133]. - If the trust account is depleted below $10.20 per share due to creditor claims, the company may not be able to return that amount to public shareholders[135]. Shareholder Rights and Redemption - The company will provide public shareholders with the opportunity to redeem their ordinary shares at a per-share price equal to the aggregate amount in the trust account as of two business days prior to the business combination, including interest[109]. - The company’s Sponsor, officers, and directors have agreed to waive their redemption rights with respect to their founder shares and any public shares they may hold in connection with the business combination[109]. - Public shareholders will be restricted from seeking redemption rights with respect to more than 15% of the shares sold in the IPO, referred to as "Excess Shares"[120]. - The tender offer for redemption will remain open for at least 20 business days, and the company will not complete the business combination until the expiration of the tender offer period[114]. - The company will not redeem public shares in an amount that would cause net tangible assets to be less than $5,000,001 immediately prior to and upon consummation of the business combination[118].

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 ...