Eve Energy Co., Ltd. (300014.SZ) wholly-owned subsidiary Yvve Hungary received a construction permit decision.

Eve Energy Co., Ltd. (300014.SZ) announced that its wholly-owned subsidiary EVE Power Hungary Kft. (referred to as "EVE Hungary") recently received a building permit decision from the government of Debrecen, Hungary, allowing EVE Hungary to establish a battery manufacturing plant in Debrecen. The receipt of this building permit decision will effectively promote the company's construction needs in Hungary, and will enable all parties to fully utilize their resources and advantages to further expand the production capacity of power storage batteries. This will help to continue to strengthen and enhance the company's influence, overall competitiveness, and internationalization level in the new energy industry. It is an important move for the company to optimize its global industrial layout, and is in line with the company's development strategic planning and the interests of all shareholders.