Hoypower Completes Hundreds Of Millions Of Yuan In Series A+ Financing

On June 1, Wanrun New Energy issued an announcement stating that it plans to sign a supplementary agreement on asset repurchase with Hubei Shiyan Haoshuo New Energy Technology Co., Ltd. This agreement will adjust the repurchase period, amount, and payment method for assets related to its annual 100,000-ton battery cathode material project, aiming to optimize project financing costs through bank replacement financing. The asset delivery for this project was completed in May 2024. Based on a comprehensive evaluation conducted by Kunyuan Asset Appraisal Co., Ltd., the total value of the project's assets is approximately 1.076 billion yuan. As of now, Wanrun New Energy has paid 360 million yuan in repurchase investment, with an outstanding balance of approximately 716 million yuan.

On the evening of June 1, Tinci Materials issued an announcement stating that Jiujiang Tinci High-Tech Materials Co., Ltd. signed a supplemental procurement cooperation agreement with relevant entities of ChuNeng New Energy. The two parties initially reached a cooperation agreement and signed a production material procurement agreement in July 2025. Under that agreement, Jiujiang Tinci was to supply electrolyte products to the ChuNeng New Energy enterprise system, with an estimated total supply volume of no less than 550,000 tons. This supplemental agreement increases the estimated total supply of electrolyte during the agreement period to no less than 1,010,000 tons. The actual procurement quantity is subject to subsequent purchase orders between the two parties.