Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 |
SCHEDULE 13D
Under the Securities Exchange Act of 1934
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CBAK Energy Technology, Inc. (Name of Issuer) |
COMMON STOCK, PAR VALUE $0.001 (Title of Class of Securities) |
14986C102 (CUSIP Number) |
Gimli Group Limited Sea Meadow House,, P.O. Box 116, Road Town Tortola, D8, VG1110 1 2065320769 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) |
12/03/2025 (Date of Event Which Requires Filing of This Statement) |
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the
Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other
provisions of the Act (however, see the Notes).
SCHEDULE 13D
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| CUSIP No. | 14986C102 |
| 1 |
Name of reporting person
Gimli Group Limited | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b)
| ||||||||
| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
OO | ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||||||||
| 6 | Citizenship or place of organization
VIRGIN ISLANDS, BRITISH
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
10,413,371.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
11.7 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
CO |
Comment for Type of Reporting Person:
Based on 88,645,836 shares of common stock issued and outstanding per the Schedule 14A filed on November 14, 2025. Gimli Group Limited is the direct beneficial owner of the securities reported herein. Balentine Holdings Limited is the sole shareholder of Gimli Group Limited. Xiuzhu Li is the sole shareholder of Balentine Holdings Limited and therefore has indirect beneficial ownership of the securities.
SCHEDULE 13D
|
| CUSIP No. | 14986C102 |
| 1 |
Name of reporting person
Balentine Holdings Limited | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b)
| ||||||||
| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
OO | ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||||||||
| 6 | Citizenship or place of organization
VIRGIN ISLANDS, BRITISH
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
10,413,371.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
11.7 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
CO |
Comment for Type of Reporting Person:
Based on 88,645,836 shares of common stock issued and outstanding per the Schedule 14A filed on November 14, 2025. Gimli Group Limited is the direct beneficial owner of the securities reported herein. Balentine Holdings Limited is the sole shareholder of Gimli Group Limited. Xiuzhu Li is the sole shareholder of Balentine Holdings Limited and therefore has indirect beneficial ownership of the securities.
SCHEDULE 13D
|
| CUSIP No. | 14986C102 |
| 1 |
Name of reporting person
Xiuzhu Li | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b)
| ||||||||
| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
OO | ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||||||||
| 6 | Citizenship or place of organization
HONG KONG
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
10,413,371.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
11.7 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
IN |
Comment for Type of Reporting Person:
Based on 88,645,836 shares of common stock issued and outstanding per the Schedule 14A filed on November 14, 2025. Gimli Group Limited is the direct beneficial owner of the securities reported herein. Balentine Holdings Limited is the sole shareholder of Gimli Group Limited. Xiuzhu Li is the sole shareholder of Balentine Holdings Limited and therefore has indirect beneficial ownership of the securities.
SCHEDULE 13D
|
| Item 1. | Security and Issuer |
| (a) | Title of Class of Securities:
COMMON STOCK, PAR VALUE $0.001 |
| (b) | Name of Issuer:
CBAK Energy Technology, Inc. |
| (c) | Address of Issuer's Principal Executive Offices:
BAK Industrial Park, Meigui Street, Huayuankou Economic Zone, Dalian,
CHINA
, 116450. |
| Item 2. | Identity and Background |
| (a) | (i) Gimli Group Limited (ii) Balentine Holdings Limited (iii) Xiuzhu Li (together, the "Reporting Persons"). Any disclosures herein with respect to persons other than the Reporting Persons are made on information and belief after making inquiry to the appropriate party. |
| (b) | (b) The address of the business office of each of the Reporting Persons is: Sea Meadow House, P.O. Box 116, Road Town, Tortola, British Virgin Islands Sea Meadow House, P.O. Box 116, Road Town, Tortola, British Virgin Islands Sea Meadow House, P.O. Box 116, Road Town, Tortola, British Virgin Islands |
| (c) | The principal business of: (i) Gimli Group Limited, is investment holding; (ii) Balentine Holdings Limited, is investment holding; and (iii) Xiuzhu Li, an individual, is a director of Gimli Group Limited. |
| (d) | The Reporting Persons have not, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors). |
| (e) | 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 and, as a result of such proceeding, was, or is subject to, 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. |
| (f) | Gimli Group Limited is a company incorporated in the British Virgin Islands. Balentine Holdings Limited is a company incorporated in the British Virgin Islands. Xiuzhu Li is a citizen of Hong Kong Special Administrative Region, the People's Republic of China. |
| Item 3. | Source and Amount of Funds or Other Consideration |
On December 3, 2025, Gimli Group Limited received 10,413,371 shares of Common Stock of the Issuer as a bona fide gift from Mr. Yunfei Li for $0.00, pursuant to a Stock Transfer Agreement dated December 3, 2025. No funds or other consideration were paid or received in connection with the transfer. | |
| Item 4. | Purpose of Transaction |
The securities held by the Reporting Persons were acquired in connection with the transaction described in Item 3 above. The Reporting Persons 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. | |
| Item 5. | Interest in Securities of the Issuer |
| (a) | See rows (11) and (13) of the cover pages to this Schedule 13D for the aggregate number of shares and percentages of the shares beneficially owned by each of the Reporting Persons. |
| (b) | See rows (7) through (10) of the cover pages to this Schedule 13D for the number of shares as to which each Reporting Person has the sole or shared power to vote or direct the vote and sole or shared power to dispose or to direct the disposition. |
| (c) | Other than the transactions discussed in Item 3 hereof, the contents of which are incorporated herein by reference, the Reporting Persons did not effect any transactions in the Issuer's securities within the past 60 days. |
| (d) | Other than the Reporting Persons, no other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Reporting Persons' securities. |
| (e) | Not applicable. |
| Item 6. | Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer |
Other than the Joint Filing Agreement attached as Exhibit 99.1 hereto, there are no contracts, arrangements, understandings or relationships (legal or otherwise) among the persons named in Item 2 hereof and between such persons and any person with respect to any securities of the Issuer, including but not limited to transfer or voting of any other securities, finder's fees, joint ventures, loan or option arrangements, puts or calls, guarantees of profits, divisions of profits or loss, or the giving or withholding of proxies. | |
| Item 7. | Material to be Filed as Exhibits. |
Exhibit 99.1: Joint Filing Agreement as required by Rule 13d-1(k)(1) under the Act |
| SIGNATURE | |
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
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