1. ORGANIZATION AND PRINCIPAL ACTIVITIES

EZGO Technologies Ltd. (“EZGO” or the “Company”), is a holding company incorporated under the laws of the British Virgin Islands (“BVI”) on January 24, 2019. As a holding company with no material operations of its own, EZGO conducts its business in the People’s Republic of China (“PRC”) through its subsidiaries, mainly including sales of battery cells, packs and solar cells, electronic control systems and second-hand machinery, provision of maintenance services and other services. Prior to the termination of the variable interest entity (“VIE”) Agreements, EZGO also engaged in sales of e-bicycles through the VIE and its subsidiaries in China. On September 25, 2025, EZGO Technologies Group Co., Ltd. (“Changzhou EZGO”), the VIE, and shareholders of the VIE entered into a termination agreement and terminated the VIE contractual agreements, dated November 8, 2019 (the “VIE Agreements”). Following the termination, EZGO no longer conducts its e-bicycle business through the VIE and its subsidiaries. The consolidated financial statements (“CFS”) reflect the activities of EZGO and the following entities: its subsidiaries, and, for the period prior to September 25, 2025, its VIE and the VIE’s subsidiaries (the “Group”).

* Changzhou Youdi Electric Bicycle Co., Ltd. (“Changzhou Youdi”) was disposed on March 27, 2026, and was deconsolidated from the Group’s CFS thereafter, see Note 4 for further details of the transaction.

The Group’s historical VIE contractual arrangements were previously disclosed in the Group’s audited consolidated financial statements included in its Annual Report on Form 20-F for the year ended September 30, 2025. On September 25, 2025, the VIE Agreements were terminated, and the Group ceased to consolidate the VIE and its subsidiaries from that date. Accordingly, as of March 31, 2026, the Group did not have any VIE structure, and no assets, liabilities or results of operations of the former VIE and its subsidiaries were included in the Group’s unaudited interim condensed consolidated financial statements for the six months ended March 31, 2026.