Guangdong Highpower New Energy Technology Co., Ltd. announced that it will receive CNY 943,361,600 on September 13, 2022. The transaction will include participation from Shenzhen Highpower Technology Co., Ltd. The transaction has been approved in the 18th Meeting of the Company?s 1st Directorate and the 12th Meeting of the Company?s 1st Supervisory Board of the company. The transaction is subject to shareholders approval.