EPOW Sunrise New Energy Company Ltd

Sunrise New Energy Co., Ltd. (“Sunrise”, the “Company”, “we” or “our”) (NASDAQ: EPOW), today announced that its subsidiary, Sunrise (Guizhou) New Energy Materials Co., Ltd., has received preliminary approval from the National Intellectual Property Office for its invention patent titled "Preparation Method of Metal Sulfide-Doped Hard Carbon Composite Material". The official document number assigned is 2023121500112460. This invention falls within the field of secondary battery material preparation, focusing on the preparation method for a metal sulfide-doped hard carbon composite material.

Sodium-ion batteries predominantly utilize hard carbon materials as the anode material. However, these materials suffer from several noticeable drawbacks, including low specific capacity, low compactness, and limited expansion. Moreover, the inherent disparity in electronic conductivity of the material leads to performance variations in terms of rate capability. As a high-capacity anode material, metal sulfides need to be mixed or doped with other carbon-based materials exhibiting high initial efficiency and excellent cycling performance to enhance the overall performance. The objective of Sunrise’s invention is to provide a preparation method for a metal sulfide-doped hard carbon composite material that enhances the specific capacity and power performance of hard carbon.

"Sunrise, a research-driven high-tech enterprise, stands at the forefront of the global battery anode materials industry, boasting cutting-edge technology. We have filed both domestic and international patents related to groundbreaking technologies in graphite, silicon-carbon, and hard carbon. Our technological leadership enables us to establish exclusive partnerships with renowned companies in electric vehicle and energy storage battery production.” commented Mr. Haiping Hu, the Chairman of the Company. “Moving forward, we remain committed to advancing our research and development endeavors, as well as manufacturing lithium-ion and sodium-ion battery anode materials, to provide our esteemed customers with comprehensive and innovative solutions."

About Sunrise New Energy Co., LtdHeadquartered 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 statementCertain 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 DepartmentEmail: IR@sunrisenewenergy.comPhone: +86 4009919228