E-Power Receives RMB 61.8 Million (US$9.2 Million) in Full Payment for Completed Phase of RMB 343 Million Anode Contract

DOVER, USA, Sept. 23, 2026 (GLOBE NEWSWIRE) -- E-Power Inc. (“E-Power,” the “Company,” “we” or “our”) (NASDAQ: EPOW), a provider of advanced battery materials and AI Data Center (AIDC) microgrid solutions, today announced that its indirectly wholly-owned subsidiary, Shandong Sunrise Technology Co., Ltd. (“Shandong Sunrise”), has completed the equipment process design and technical consulting services required under its turnkey contract with Shandong Fusion New Material Co., Ltd. (the “Customer”), announced on August 27, 2026 (the “Contract”), and has received the associated payment of RMB 61,825,140 (approximately US$9.2 million) in full.

The technical services represent the first completed phase of the Contract, which has a total value of RMB 343,473,000 (approximately US$51.2 million) and was awarded to Shandong Sunrise in June 2026. The work was performed by the Company’s engineering team.