Market Overview

Highpower Special Committee Engages Roth Capital Partners As Fin. Advisor & Katten Muchin Rosenman LLP as Legal Counsel


Highpower International, Inc. ("Highpower International" or "the Company") (NASDAQ: HPJ), a developer, manufacturer, and marketer of lithium and nickel-metal hydride (Ni-MH) rechargeable batteries, and a battery management systems and battery recycling provider, today announced that the special committee (the "Special Committee") of the Company's Board of Directors (the "Board") has retained ROTH Capital Partners as its financial advisor and Katten Muchin Rosenman LLP as its legal counsel in connection with its review and evaluation of the non-binding investment proposal (the "Proposal") dated November 23, 2015 from Anshan Co-Operation (Group) Co., Ltd., joined with China Innovative Capital Management Ltd. and Mr. George Pan, Chairman and CEO, and certain management of Highpower International, to purchase newly issued shares of three subsidiaries in China wholly-owned by Highpower International, Inc.

The Board cautions the Company's shareholders and others considering trading in the Company's securities that no decisions have been made by the Special Committee with respect to the Company's response to the Proposal and there can be no assurance that any definitive offer will be made, that any agreement will be executed or that this or any other transaction will be approved or consummated.

Posted-In: News Press Releases


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