Sunrise New Energy Certified as Provincial High-tech Enterprise for 2023

Sunrise New Energy Co., Ltd, a leading manufacturer of graphite anode material for lithium-ion batteries, has been certified as one of the Provincial High-tech Enterprises for the year 2023. The announcement was made by the Guizhou Science and Technology Department, recognizing Sunrise’s excellent innovation capabilities, strong market competitiveness, and high management efficiency.

As a High-tech Enterprise, Sunrise will enjoy various benefits and support. These include a 40% reduction in the corporate income tax rate, exemption from business tax on income derived from technology transfer and development, and access to special funds from financial institutions for venture capital investment and patent loans. The government has also established funds to support the development and protection of intellectual property rights for High-tech Enterprises.

“We are honored to be recognized as one of the High-tech Enterprises in Guizhou Province for 2023. This is a testament to Sunrise’s leading position in technological research and development, as well as the successful transformation of high-tech into tangible products,” said Mr. Haiping Hu, Chairman of Sunrise New Energy Co., Ltd.

The certification not only brings prestige but also provides Sunrise with policy benefits and financial support, including tax reductions, loan interest subsidies, talent rewards, and policy guarantees for the coming years. This will effectively supplement the company’s cash flow and attract more outstanding talents to join Sunrise.

Headquartered in Zibo, Shandong Province, China, Sunrise New Energy Co., Ltd operates a joint venture that is constructing a manufacturing plant in Guizhou Province. The plant utilizes inexpensive electricity from renewable sources, making Sunrise a low-cost and environmentally conscious producer of graphite anode material. With Mr. Haiping Hu, a pioneer in the graphite anode industry in China, leading the company, Sunrise has a strong management team with years of experience and success in the industry.

For more information about Sunrise New Energy Co., Ltd, please visit their website at www.sunrisenewenergy.com. Investors can also follow the company’s Twitter account (@sunrisenewener1) for the latest updates on its developments.