Yiwei Lithium Energy Responds to US Defense Department's Ban on Battery Purchases: No Impact on Company

【Yiwei Lithium Energy responds to the US Department of Defense's ban on the purchase of batteries from six Chinese companies: The ban is not a new development and has no impact on the company】

On January 22nd, in response to the ban imposed by the US Department of Defense on the purchase of batteries from six Chinese companies, responsible persons from Guoxuan High-Tech and Yiwei Lithium Energy stated that the ban is not a new development and mainly targets the core battery supply for the US Department of Defense, limiting battery procurement for military purposes. It does not affect commercial cooperation with non-military entities. The company does not supply the US Department of Defense and has no relevant cooperation plans, therefore it has no impact on the company.