CBAK Energy Technology, Inc. Announces Board Changes
September 28, 2021 at 09:36 pm
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On September 24, 2021, Guosheng Wang advised the Board of Directors (the ‘Board’) of CBAK Energy Technology, Inc. (the ‘Company’) of his resignation as a member of the Board, effectively immediately. Mr. Wang’s decision to resign was due to personal reasons and not because of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices. On September 24, 2021, the Board elected Ms. Xiangyu Pei as a new director of the Company, effective immediately. Ms. Pei will be subject to reelection at the Company’s next annual meeting of stockholders.
CBAK Energy Technology Inc is a China-based investment holding company. The Company primarily operates through two segments. The CBAK's segment mainly includes the manufacture, commercialization and distribution of a wide variety of standard and customized lithium ion rechargeable batteries for use in a wide array of applications. The Hitrans' segment mainly includes the development and manufacturing of NCM precursor and cathode materials. The Company's products are sold to packing plants operated by third parties primarily for use in mobile phones and other electronic devices. Its products are used in various applications, including electric vehicles (EV), such as electric cars, electric buses, hybrid electric cars and buses and light electric vehicles (LEV), such as electric bicycles, electric motors and sight-seeing cars, and electric tools, energy storage, uninterruptible power supply (UPS), and other high power applications.
CBAK ENERGY TECHNOLOGY, INC. 
