Various Co-based SAPO-34 catalysts were prepared using different methods, including ion exchange (IE), incipientwetness impregnation (IWI), and solid-phase grinding (SPG), to correlate the chemical states of Co species with the C−H and C−C bond scissions in ethane dehydrogenation. The IE-prepared Co/ SAPO-34 led to stable, unreducible, and isolated exchanged Co sites anchored on the zeolite framework with a structure of −Al F − O−Co−O− and showed the highest selectivity to ethylene of close to 98% at 600 °C, which suggests that these Co sites favors suppressing the C−C bond scission in ethane. In comparison, the IWI-and SPG-prepared Co/SAPO-34 catalysts, especially for those with a high Co loading, inevitably give Co oxide clusters that are easily reduced into metallic Co. Together with catalytic results, characterizations, and DFT calculations, it is confirmed that the reduced Co clusters, especially for those outside SAPO-34 channels without the confinement effect, favor both C−H and C−C bond scission, boosting the conversion of ethane into CH 4 or/and coke; however, the ionic-state −Co−O− species can smoothly terminate the ethane dehydrogenation for the ethylene product due to relatively high energy barriers for both C−H and C−C bond scission, avoiding a deep dehydrogenation and C−C cracking. As expected, the unreducible −Co−O− sites are very stable in the title reaction without deanchoring from the zeolite framework in a 100 h cyclic test. This study not only demonstrates the stable −M δ+ −O δ− structure favorable for suppressing C−C bond scission but also highlights a catalyst-constructing strategy for Co-based and similar metal-based catalysts for dehydrogenation of other light alkanes.