EPOW Sunrise New Energy Company Ltd

Sunrise New Energy Co., Ltd. (“Sunrise”, the “Company”, “we” or “our”) (NASDAQ: EPOW), today announced its selection as the 2023 Green Manufacturing Enterprise in Guizhou Province. Organized by the Guizhou Provincial Department of Industry and Information Technology, the evaluation process involved recommendations from various cities and expert reviews, with the winning enterprises publicly announced on the official website of the Guizhou Provincial Department of Industry and Information Technology. Sunrise's Green Factory has excelled in resource efficiency, energy consumption reduction, and environmental friendliness, making it the sole winning manufacturer of lithium battery anode materials in Guizhou Province, standing out from the fierce competition.

Given the high environmental standards demanded by customers worldwide, being recognized as a Green Manufacturing Enterprise will facilitate Sunrise's products to enter the core supply chains in overseas markets. "We are truly honored to receive this recognition," stated Mr. Haiping Hu, the Chairman of Sunrise. "Our Green Factory has consistently embraced the principles of environmental sustainability. Obtaining the Green Factory certification not only enhances the competitiveness of Sunrise products so that improves the Company's economic performance but also contributes to carbon neutrality and peak carbon emissions reduction of the world."

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