Headquartered in Zibo, Shandong Province, China, Sunrise New Energy Co., Ltd., is engaged in the manufacturing and sale of graphite anode material for EVs and other lithium-ion batteries. The Company, through its joint venture, is constructing a 138,000 ㎡ manufacturing plant in Guizhou Province, China. The plant runs on inexpensive electricity from renewable sources, which the Company believes will make Sunrise New Energy the low-cost as well as the lowest environmental impact producer of graphite anode material. Haiping Hu, the founder and CEO of Sunrise New Energy, is a major pioneer for the graphite anode industry in China starting from 1999. The company's team is also composed of many experts with a cumulative decades of experience in the anode material business with strong track-records of success in the industry. Sunrise also operates a legacy internet knowledge sharing platform business for which the company is exploring strategic alternatives.