Thunder Power Holdings, Inc. Announces Stockholder Approval of Share Exchange Agreement

Core Viewpoint - Thunder Power Holdings, Inc. has received shareholder approval for a Share Exchange Agreement to acquire approximately 30.8% of Electric Power Technology Limited (TW Company), facilitating its expansion into Taiwan's renewable energy sector and enhancing its clean energy capabilities [1][2][3] Group 1: Acquisition and Strategic Expansion - The acquisition of TW Company is a significant step in Thunder Power's growth strategy, allowing the company to diversify its revenue streams and establish a scalable model for sustainable mobility [2][3] - This transaction provides Thunder Power with access to solar generation capacity and manufacturing resources, strengthening its position in the renewable energy sector [3][6] Group 2: Future Growth Initiatives - Thunder Power's strategy includes expanding its clean energy platform through the TW Company investment, aligning with Taiwan's national renewable energy targets [6] - The company aims to leverage relationships and manufacturing resources in Taiwan to advance its proprietary EV technologies, focusing on scaling in Asian and European markets [6][7] Group 3: Portfolio Diversification and Technology Development - The company will pursue opportunities in renewable energy and storage to complement its core EV business, broadening its revenue base and evaluating additional international transactions [7] - Thunder Power plans to utilize Taiwan's manufacturing resources to advance the development and launch of its proprietary EVs, integrating its EV platforms with renewable energy and storage assets to meet evolving global mobility and energy needs [7][8]