Inner Mongolia Huike New Energy Technology Co., Ltd. announced that it has signed a purchase agreement to receive CNY 36,000,000 in an equity round of funding on December 18, 2023. The transaction will include participation from new investors Shenzhen Sunrise New Energy Co., Ltd., and Shenzhen Yongsheng New Energy Co., Ltd for 60% stake in the company. The transaction is within authorities of the Shenzhen Sunrise New Energy Co., Ltd.'s office of the general manager and does not require approval by the Shenzhen Sunrise New Energy Co., Ltd. 's board of directors and shareholders.

The company will add CNY 30,000,000 towards registered capital, and CNY 6,000,000 towards capital reserve. Post-completion of the transaction, the registered capital of the company will increase from CNY 20,000,000 to CNY 50,000,000.After the transaction takes effect, the investors shall make first payment amounting to CNY 20,000,000 within 1 year from date of completion of changes in business registration; breakdown as follows, Shenzhen Sunrise New Energy Co., Ltd. shall pay CNY 17,333,300.00 during the first payment, and Shenzhen Yongsheng New Energy Co., Ltd. shall pay CNY 2,666,700.00 during the first payment. The schedule of payment for the remaining balance is to be determined by the shareholders of company; the final payment shall not be later than the prescribed time stated in company charter.