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E-Power’s Guizhou Joint Venture Receives RMB 110 Million of RMB 200 Million Capital Increase at RMB 2.0 Billion Post-Money Valuation

  • E-Power Inc. announced that its joint venture Sunrise (Guizhou) New Energy Materials Co., Ltd. received RMB 110 million (US$16.5 million) of the RMB 200 million (US$30.0 million) capital increase subscribed by Jieshou Xinyang Zhanxin Equity Investment Fund Partnership.
  • Sunrise Guizhou's registered capital was increased from RMB 321.41 million to RMB 341.05 million upon registration on July 29, 2026.
  • The investor currently holds 5.7592% of Sunrise Guizhou, with the remaining RMB 90 million (US$13.5 million) to be funded to reach a 10% stake on a fully funded basis.
  • The capital increase agreement dated December 3, 2024, values Sunrise Guizhou at RMB 1.8 billion pre-money, implying a post-money valuation of RMB 2.0 billion (US$300 million) upon full funding.
  • Proceeds are designated for business expansion, working capital, research & development, & new projects, excluding repayment of non-operating indebtedness, dividends, or equity repurchases.
  • E-Power's ownership interest in Sunrise Guizhou decreased from 39.3519% to 37.0855% following the July 29 registration, with a projected decline to 35.4167% upon full funding.
  • Sunrise Guizhou serves as E-Power's primary platform for graphite & silicon-carbon anode materials, operating a renewable-energy-powered facility in Guizhou Province.
  • The company participated in drafting the 2026 national standard "Porous Carbon for Silicon-Based Anode Materials" & was included in Guizhou Province's list for national-level "Little Giant" enterprises.
  • E-Power CEO Haiping Hu stated the funds support the next phase of growth, focusing on capacity expansion & industrialization of silicon-carbon & hard-carbon anode technologies.
  • The remaining RMB 90 million subscription is subject to funding timelines & registration completion, with no assurance provided regarding their timing or finalization.