HIGHPOWER TECHNOLOGY: The controlling shareholder and actual controller voluntarily extend the lock-up period for restricted shares by 12 months

HIGHPOWER TECHNOLOGY announced that the company's controlling shareholder and actual controller, Mr. Pan Dangyu, and his controlled entity, HIGHPOWER Holdings, voluntarily committed to extend the lock-up period of the company's pre-IPO restricted shares by 12 months. Mr. Pan Dangyu holds 17.3299 million shares of the company, accounting for 21.50% of the total share capital; HIGHPOWER Holdings holds 2.8601 million shares of the company, accounting for 3.55% of the total share capital. The lock-up period for these restricted shares is extended to September 4, 2026