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Stock code: 002733 Stock abbreviation: Vision Announcement No.: 2023-014

Shenzhen Vision Power Technology Co., Ltd.

Announcement on signing an investment framework agreement with the Jingshan Municipal People's Government

The company and all members of the board of directors guarantee that the content of information disclosure is true, accurate and complete, and there is no falsehood

False records, misleading statements or material omissions.

Special Note:

1. This agreement is a strategic cooperation framework agreement reached through friendly negotiation between the two parties. This agreement is only for intention

The specific cooperation matters involved in the agreement need to be negotiated and agreed separately, and the final cooperation agreement shall prevail.

There are still uncertainties in the follow-up implementation of the agreement. Investors are reminded to pay attention to investment risks.

2. The amount involved in this agreement is an estimate, which is expected to have a significant impact on the company's financial status and operating results this year.

will not have a significant impact. For follow-up specific cooperation matters, the company will follow the laws and regulations and the "Articles of Association"

and other relevant regulations to fulfill the corresponding approval procedures and information disclosure obligations.

3. The matters in this agreement do not belong to related transactions, nor do they constitute the "Major Assets Restructuring Management Office of Listed Companies

Major asset restructuring stipulated in the Law.

1. The basic situation of signing the agreement

On February 8, 2023, Shenzhen Vision Power Technology Co., Ltd. (hereinafter referred to as the "Company")

Signed the "Investment Framework Agreement" with the Jingshan Municipal People's Government. The company is Jingshan City's "14th Five-Year Plan"

Plan, strive to create a national hydrogen energy demonstration city, and focus on attracting leading enterprises of "returning to the economy". The company plans to

Jingshan City gradually builds three major production bases for lead-acid batteries, lithium iron phosphate batteries, hydrogen energy stacks and engine systems

To realize the overall relocation and return of the company. In 2018, the overall relocation of the lead-acid battery production base has been completed.

Starting from 2020, 1 billion yuan will be invested in the construction of Hubei Xiongtao lithium battery production base project, which will mainly produce energy storage lithium batteries,

Industrial lithium batteries, lithium batteries for low-speed vehicles/bikes, vehicle-mounted fuel cell systems, etc.

This agreement is an investment framework agreement, which does not involve related party transactions, nor does it constitute the "Major Asset Restructuring of Listed Companies

The major asset reorganization stipulated in the Measures for the Management of Groups does not need to be submitted to the company's board of directors and shareholders' meeting for deliberation. specific
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Investment matters still need to be reviewed and approved by the company's board of directors and shareholders' meeting before they can take effect. Specific project cooperation in

Under the premise of the framework agreement, the formal project investment contract signed by both parties shall prevail.

2. Introduction of partners

1. Company name: Jingshan Municipal People's Government

2. Nature: local government agency

3. Affiliated relationship: Jingshan Municipal People's Government and the company's controlling shareholder and actual controller, the company's shareholding

More than 5% of the shareholders, directors, supervisors, and senior executives are not related.

3. Main content of the agreement

Party A: People's Government of Jingshan City

Party B: Shenzhen Vision Power Technology Co., Ltd.

1. Cooperation projects

(1) Project name: Vision Technology Co., Ltd. lithium battery and sodium battery industrial park project (hereinafter referred to as "the project").

(2) Cooperation content: Party B plans to invest a total of about 10.5 billion yuan to build a new energy battery production

business park. The site is located in Yongxing Street, east of Panyan Road, south of Qingji Avenue, north of Jinying New Materials Project,

To the west of Daquan Company, the planned land area is about 600 mu. According to the rolling development plan, the land will be supplied in batches. The total construction area

With an area of about 500,000 square meters, it produces 15GWH lithium batteries and 10GWH sodium batteries. Mainly used in new energy

Energy storage market and 5G communication, IDC data center market.

(3) Construction progress: the first phase of 5GWH lithium battery production project will be launched in 2023, and it will take 3 years (2023-2025

Years) to complete the overall construction of the project.

2. Party A's rights and obligations

(1) Vigorously support and encourage Party B to invest and start business in Jingshan City, and provide favorable conditions for Party B's construction and operation.

To ensure a sound investment environment, to ensure that project-related policy support and commitments are fulfilled in a timely manner.

(2) Set up a special project service class to provide full-process, standardized and efficient services for the project. actively strive

Take the project fund support for the construction of this project.

(3) In accordance with Jingshan City's preferential policies for investment promotion, Party B will be given policy support of "one matter, one discussion".

(4) Support sodium-ion battery projects in emerging industries. According to the valuation of 3 billion yuan for sodium-ion battery companies, Beijing
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Shanjingcheng Investment Company contributes 10%-20% of the shares, and the specific matters will be clarified when signing the investment agreement.

3. Party B's rights and obligations

(1) Submit project planning and project planners with corresponding depth, operability and scientificity on time

case.

(2) Conduct investment, construction and operation according to the agreement, and conduct investment according to the formulated project construction plan

Capital construction to ensure that the investment is in place.

(3) Under the premise of meeting the conditions, enjoy the existing relevant preferential policies for investment promotion in Jingshan City.

4. This agreement is a cooperation framework agreement, a guiding document for long-term cooperation between the two parties, and a document signed by both parties.

The basis of the project investment contract. The specific investment matters need to be approved by the company's board of directors and shareholders' meeting.

passed to take effect. The specific project cooperation is based on the formal project investment contract signed by both parties under the premise of the framework agreement.

The same shall prevail. Party B starts the project planning and design work within one month after signing this framework agreement, and completes it within three months

Review of project planning and design, and sign a formal investment contract within 4 months according to the project plan approved by the review.

4. Impact on listed companies

The signing of this agreement is in line with the company's strategic development plan, and the impact on the company's long-term operations depends on the follow-up

It depends on the promotion and implementation of specific business cooperation. The signing of this agreement will help fully tap and enhance public

The company's resource advantages and operational capabilities in the main business areas, to achieve effective resource integration and complementary advantages, and to improve

Improve the company's comprehensive competitiveness and industry influence, which is conducive to the company's long-term sustainable development.

The signing of the framework agreement this time will not affect the independence of the company's business and operations.

The impact on the company's future financial status and operating performance depends on the progress and implementation of specific projects.

V. Major Risk Warning

The strategic cooperation agreement signed this time belongs to the intentional and preliminary agreement of the partners, and the follow-up cooperation projects need to

All parties are required to discuss details in specific business cooperation, and the specific rights and obligations of each party will be determined by a separate agreement.

Accurate, so there are no details and timetable for specific cooperation projects, and the implementation of follow-up specific cooperation still exists

Uncertainty. Investors are advised to pay attention to investment risks.

Special announcement.

Board of Directors of Shenzhen Vision Power Technology Co., Ltd.

February 13, 2023