Sunrise Secures Additional $13.75M Low-Interest Loan From China Construction Bank, Bolstering Liquidity For Order Fulfillment

7/22/24 3:41:35 PM ET

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Sunrise New Energy Co., Ltd. ("Sunrise New Energy", the "Company", "we" or "our") (NASDAQ:EPOW), today announced that it has successfully secured an additional $13.75 million low-interest loan from China Construction Bank (CCB). This brings the total loans received from CCB in 2024 to $27.51 million. The new funds will significantly enhance the company's liquidity, allowing for quicker delivery of orders from major global lithium battery manufacturers such as CATL, BYD, and HiTHIUM.

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Sunrise Secures $1.04 Million in Funding for Innovative Silicon-Carbon Anode Project
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Sunrise Secures Additional $13.75 Million Low-Interest Loan from CCB, Bolstering Liquidity for Order Fulfillment
ZIBO, China, July 22, 2024 (GLOBE NEWSWIRE) -- Sunrise New Energy Co., Ltd. ("Sunrise New Energy", the "Company", "we" or "our") (NASDAQ:EPOW), today announced that it has successfully secured an additional $13.75 million low-interest loan from China Construction Bank (CCB). This brings the total loans received from CCB in 2024 to $27.51 million. The new funds will significantly enhance the company's liquidity, allowing for quicker delivery of orders from major global lithium battery manufacturers such as CATL, BYD, and HiTHIUM. China Construction Bank, one of the largest banks in China, has a rigorous loan approval process that evaluates a company's assets, financial status, technologica
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Sunrise Secures Additional $13.75M Low-Interest Loan From China Construction Bank, Bolstering Liquidity For Order Fulfillment

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Sunrise Secures $1.04 Million in Funding for Innovative Silicon-Carbon Anode Project

Sunrise Regains Compliance with Nasdaq Minimum Closing Bid Price Rule

Sunrise Secures Additional $13.75 Million Low-Interest Loan from CCB, Bolstering Liquidity for Order Fulfillment

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