Sunrise New Energy Co. Ltd. (China)

The Company are holding company conducting a substantial portion of its operations in China through its PRC operating entities.
The Company engages in the manufacture and sale of graphite anode material for EVs and other lithium-ion batteries. The company also operates a peer-to-peer knowledge sharing and enterprise service platform business. In addition, it offers education consulting, training, tailored, information technology, business incubation, enterprise information technology integration, health, and agricultural technology services, as well as cultural and artistic exchanges and planning, and conference services.
The Company determined that it had two operating segments and therefore two reportable segments as defined by ASC 280, which were graphite anode business and knowledge sharing and enterprise business. The Company's long-lived assets were all located in the PRC and substantially all of the Company's revenue and expense were derived in the PRC. Therefore, no geographical segments were presented.
HISTORY
2014: The Company was founded.
2019: The Company is a limited liability company established under the laws of the Cayman Islands on February 22, 2019.
On March 22, 2019, the Company incorporated Global Mentor Board Information Technology Limited (“GMB HK”).
2021: The Company s Ordinary Shares have been listed on the Nasdaq Capital Market since February 9, 2021. under the symbol “SDH.”
2022: The company was changed its name to Sunrise New Energy Co., Ltd. on August 10, 2022. The Company's ordinary shares are expected to begin trading on the NASDAQ Capital Market under the new ticker symbol “EPOW” as of the opening of trading on August 15, 2022.
2024: On February 8, 2024, the shareholders approved a re-designation and re-classification of the Company's Ordinary Shares into Class A Ordinary Shares and Class B Ordinary Shares.