EPOW Lead in Establishing National Battery Industry Standard Policy, Highlighting Its Position as a Benchmark in Technological Innovation, Product Quality and Management Efficiency in the Industry

• National Battery Industry Standard Policy titled "Technical Specifications for Artificial Graphite Anode Materials"

ZIBO, China, Dec. 20, 2023 (GLOBE NEWSWIRE) -- Sunrise New Energy Co., Ltd. (“Sunrise”, the “Company”, “we” or “our”) (NASDAQ: EPOW), today announced its significant contribution to the development of a national industry standard policy titled "Technical Specifications for the Production Process of Artificial Graphite Anode Materials". This standard policy is widely recognized as a crucial guideline within the battery industry and plays a vital role in ensuring the production and quality control of artificial graphite anode materials.

China Battery Industry Association (CBIA) invited Sunrise to initiate the drafting of this pivotal standard. CBIA is responsible for making policies, developing plans, setting product standards, conducting research and technology projects within the battery industry. Sunrise's involvement in the development of the national standard for anode materials is a significant milestone for the Company. It showcases Sunrise's esteemed position as a leading high-tech enterprise renowned for its expertise and cutting-edge technologies. Moreover, it strengthens Sunrise's influence within the battery industry.

"As the initiator of industry standards and policies, Sunrise's role signifies not only its technological advancements but also industry recognition in areas such as management systems, product quality, cost control, marketing, and talent teams. This recognition positions Sunrise as a benchmark within the industry." stated Mr. Haiping Hu, Chairman of Sunrise. He further emphasized the collaboration between Sunrise and CBIA, highlighting our shared commitment to promoting industry excellence and fostering innovation. This collaboration solidifies Sunrise's position as a key contributor to the advancement of the battery industry in China and beyond.

About Sunrise New Energy Co., Ltd

Headquartered 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 . The Company also maintains a Twitter account (@sunrisenewener1) to keep investors up to date on the latest development of the Company.

Forward-looking statement

Certain 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.

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