BAIYU Enters into Definitive Agreement to Acquire Leading Energy Storage and Lithium Battery Company, Expanding into Renewable Energy Market

BRADENTON, Fla., Aug. 27, 2024 /PRNewswire/ -- BAIYU Holdings, Inc. ("BAIYU" or the "Company") (Nasdaq: BYU), a leading B2B bulk commodity e-commerce platform and supply chain service provider, today announced that the Company, through its wholly owned subsidiary Shenzhen Baiyu Jucheng Data Technology Co., LTD., has entered into a definitive share purchase agreement (the "Agreement") on August 21, 2024 with Shenzhen Jintongyuan Energy Storage Technology Co., Ltd. ("Jintongyuan"), a leading tech enterprise s ...