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

Company Overview - Sunrise New Energy Co., Ltd. is headquartered in Zibo, Shandong Province, China, and is engaged in the manufacturing and sale of graphite anode material for lithium-ion batteries [3] - The company operates a joint venture that has completed a manufacturing facility in Guizhou Province with a production capacity of 50,000 tons, utilizing inexpensive electricity from renewable sources [3] - The management team consists of experts with extensive experience and a strong track record in the graphite anode industry [3] Financial Developments - Sunrise New Energy has secured an additional $13.75 million low-interest loan from China Construction Bank, bringing the total loans received from CCB in 2024 to $27.51 million [1] - The new funds will enhance the company's liquidity, allowing for quicker delivery of orders from major global lithium battery manufacturers such as CATL, BYD, and HiTHIUM [1] - The CEO of Sunrise New Energy, Mr. Haiping Hu, emphasized that this bank loan underscores the company's strong reputation and provides significant low-interest capital without diluting shareholder equity, enabling the company to take on more orders and increase revenue and profitability [2]