Hubei Wanrun New Energy Technology Co.,Ltd. authorizes a Buyback Plan.

Hubei Wanrun New Energy Technology Co Ltd is a China-based company mainly engaged in research and development, production and sales of cathode materials for lithium batteries. The Company's main products include lithium iron phosphate cathode materials and precursors, iron phosphate, lithium manganate cathode materials, among others. The Company's products are mainly used in the manufacture of lithium batteries, digital computers, communications, and consumer (3C) products, low-speed vehicles, and small energy storage markets. The Company mainly conducts its businesses in the domestic market.