5438962026-09-032026-09-035438962026-09-035438962026-09-032026-09-03PartiesOfTheAgreementDomain15438962026-09-03PartiesOfTheAgreementDomain15438962026-09-032026-09-03PartiesOfTheAgreementDomain25438962026-09-03PartiesOfTheAgreementDomain2xbrli:purexbrli:sharesAVALON TECHNOLOGIES LIMITEDAVALONNewJoint venture agreementsExecution of agreementListed Entitytrue2026-09-0317:25:00true2026-09-03The Board of Directors of Avalon Technologies Limited (“Avalon”), at its meeting held today, i.e. on September 03, 2026, has approved the execution of the Joint Venture Agreement (“JVA”) between Avalon and Zollner Elektronik AG (“Zollner”), to establish a joint venture company, called “Zollner Avalon Private Limited” or such other name as may be approved by the Registrar of Companies, wherein Zollner will hold a 51% stake and Avalon will hold a 49% stake. After occurrence of conditions set out in the JVA, Avalon may elect to acquire incremental 2% stake in the Company and own 51% of the Company. Avalon and Zollner propose to establish a long-term India-based manufacturing and services platform for printed circuit board assembly, box-build and system integration, testing, validation, industrialisation support, sourcing, supply-chain coordination, logistics and related after-sales services.2026-09-03falseThe Joint Venture Agreement is for establishing a strategic joint venture with Zollner Elektronik AG to create an India-based manufacturing and services platform for electronics manufacturing services. The proposed transaction involves the formation of a new joint venture entity and creation of a strategic business arrangement between the parties and is therefore not in the ordinary course of Avalon’s existing business.No impact on management and control of Avalon Technologies Limited2Avalon Technologies LimitedParty entering into the agreementNil00falseZollner Elektronik AGCounterparties to the agreementNil00falseNA2026-09-03To establish long-term India-based manufacturing and services platform dedicated to the business of manufacturing and trading of Printed Circuit Board Assembly (PCBA), box-build and system integration, testing, validation, industrialisation support, sourcing, supply-chain coordination, logistics, and related after-sales services, as set out in greater detail in the JVA. The business will be carried out by the Joint Venture Company to be incorporated as “Zollner Avalon Private Limited” (“Company”).Zollner and Avalon propose to establish a joint venture Company in India with a shareholding of 51% (fifty one percent) and 49% (forty nine percent) respectively. Initially, the Company will be set-up as a wholly owned subsidiary of Avalon and Zollner will subsequently acquire a 51% stake in the Company, subject to satisfaction of conditions set forth in the JVA. Within two years following the third anniversary of the date on which the Company commences commercial production at its manufacturing facilities, Avalon may elect to exercise a call option and acquire an incremental 2% shareholding in the Company. The call option would be transacted at the price determined using the methodology set forth in the JVA. The 51% shareholder has the right to appoint 3 directors to the board of the Company, while the 49% shareholder has the right to appoint 2 directors. In case of any new issuance of shares, a standard pre-emptive right is available to both shareholders of the Company. Share transfers are subject to the right of first refusal and tag along rights of the non-transferring shareholder. The JVA also has customary restrictive covenants such as non-compete and non-solicitation clauses. falseNil