Thunder Power Holdings Inc. has announced an update regarding its strategic transaction with Electric Power Technology Limited, which involves a Share Exchange Agreement. At the upcoming Annual Shareholders' Meeting, the shareholders will vote on the proposed issuance of Common Stock, allowing Thunder Power to acquire approximately 30.8% of Electric Power Technology Limited's total issued and outstanding shares. This transaction is part of Thunder Power's strategy to expand its footprint in the renewable energy sector, enhance access to advanced technologies, and strengthen its capital base. The deal is expected to accelerate the company's growth initiatives and position it for emerging opportunities in the electric vehicle and clean energy markets. The announcement was made by Thunder Power Holdings Inc.
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