Thunder Power Holdings, Inc. Announces Stockholder Approval of Share Exchange Agreement

Provided By PR Newswire

Last update: Jul 1, 2025

Acquisition of 30.8% Stake in TW Company Powers Thunder Power's Expansion into Renewable Energy and Integrated EV Solutions

WILMINGTON, Del., July 1, 2025 /PRNewswire/ -- Thunder Power Holdings, Inc. (OTCQB: AIEV) ("Thunder Power" or the "Company"), a technology innovator and developer of premium passenger Electric Vehicles ("EVs") whose acquisition strategy is focused on addressing key gaps in the EV sector with a diversified approach across the clean energy value chain, today announced that its stockholders have approved the issuance of shares pursuant to the previously disclosed Share Exchange Agreement with certain shareholders of Electric Power Technology Limited ("TW Company"). This milestone enables Thunder Power to acquire approximately 30.8% of TW Company, a Taiwan corporation traded on the Taipei Exchange (TPEX: 4529), accelerating its expansion into Taiwan's renewable energy sector and enhancing its capabilities across the clean energy value chain.