Tranche Update on Guangzhou Great Power Energy and Technology Co., Ltd's Equity Buyback Plan announced on October 25, 2023.

Guangzhou Great Power Energy and Technology Co., Ltd. is a China-based company principally engaged in the research and development, production and sale of electronic components. The Company's products are categorized into primary lithium batteries, lithium-ion batteries and nickel hydrogen batteries, including Li-Fe batteries, Li-MN batteries, lithium cobaltate series, lithium iron phosphate series, ternary material series and Ni-MH batteries. The Company’s products are applied in electronic digital products, electric toys, hybrid electric vehicles, medical instrument, electronic security equipment, intelligent instrument and energy storage, among others. The Company distributes its products in domestic market and to overseas markets.