EPOW’s Chairman Announces Purchase of 200,000 Shares in 30 Days
November 10 2023 - 9:43AM
Sunrise New Energy Co., Ltd. (“Sunrise”, the “Company”, “we”
or “our”) (NASDAQ: EPOW), today announced that its Chairman, Mr.
Haiping Hu, has revealed his decision to purchase 200,000 shares of
the company's stock in 30 days.
Sunrise has rapidly emerged as a major supplier to the top
global lithium battery manufacturers, including CATL and BYD. In an
effort to foster trust and provide investors with direct visibility
into the Company's operations, Sunrise provides live streaming
of its production and shipment processes by 24/7 surveillance
cameras across various areas of the plant.
Despite achieving significant milestones, the company's stock
has experienced a surprising and continuous decline. “ I have made
the decision to purchase the company's stock motivated by the
belief that the stock is severely undervalued and with unwavering
confidence in the company's future prospects.” said Sunrise’s
Chairman Mr. Haiping Hu. “Furthermore, I have plans to acquire more
shares in the near future.”
The company is actively strategizing the development of a
lithium battery material manufacturing facility in the United
States. This strategic initiative aims to meet the evolving needs
of cross-border customers and enhance the company's position in the
global market. Comprehensive details regarding the planned
construction of the facility will be announced in the coming
weeks.
About Sunrise New Energy Co., Ltd
Headquartered in Zibo, Shandong Province, China, Sunrise New
Energy Co., Ltd., through its joint venture, is engaged in the
manufacturing and sale of graphite anode material for lithium-ion
batteries. The Company’s joint venture is constructing
a 260,543 ㎡manufacturing plant in Guizhou Province,
China. The plant runs on inexpensive electricity from renewable
sources, which helps to make Sunrise New Energy a low-cost and
low–environmental-impact producer of graphite anode
material. Mr. Haiping Hu, the founder and CEO of the
Company, is a major pioneer for the graphite anode
industry in China starting from 1999. The Company’s management
team is also composed of experts with years of
experiences and strong track-records of success in the
graphite anode industry. In addition, the Company also
operates a knowledge sharing platform in China. For further
information, please visit the Company’s website
at www.sunrisenewenergy.com. The Company also maintains a
Twitter account (@sunrisenewener1) to keep investors up to date on
the latest development of the Company.
Forward-looking statement
Certain statements in this press release regarding the Company's
future expectations, plans and prospects constitute forward-looking
statements as defined by Private Securities Litigation Reform Act
of 1995. Forward-looking statements include statements about plans,
goals, objectives, strategies, future events, expected results,
assumptions and any other factual statements that have not
occurred. Any words that refer to "may", "will", "want",
"should", "believe", "expect", "expect", "estimate", "estimate" or
similar non-factual words, shall be regarded as forward-looking
statements. Due to various factors, the actual results may differ
materially from the historical results or the contents
expressed in these forward-looking statements. These factors
include, but are not limited to, the company's strategic
objectives, the company's future plans, market demand and user
acceptance of the company's products or services, technological
updates, economic trends, the company's reputation and brand, the
impact of industry competition and bidding, relevant policies and
regulations, the ups and downs of China's macroeconomic conditions,
the relevant international market conditions,
and other related risks and assumptions disclosed in the
Company’s Annual Report on Form 20-F.. In view of the above and
other related reasons, we advise investors not to blindly rely on
these forward-looking statements, and we urge investors to visit
the SEC’s website to consult the company's relevant documents
for other factors that may affect the company's future operating
results. The company is under no obligation to make public
amendments to changes in these forward-looking statements due to
specific events or reasons unless required by law.
For more information, please contact:
The Company: IR Department Email: IR@sunrisenewenergy.com
Phone: +86 4009919228
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