Ganzhou Highpower Technology Co., Ltd announced that it will receive CNY 134,210,528 on May 10, 2023. The transaction will include participation from new investor Shenzhen Highpower Technology Co., Ltd. for CNY 134,210,528. The registered capital of the company will increase from CNY 89,473,685 to CNY 223,684,213.

The company will issue common shares in the transaction. This has been approved in the 25th meeting of the 1st board of directors and the 18th meeting of the 1st board of supervisors. The company will issue shares through public solicitation method.