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BRIEF-Highpower International's unit to sell most of its Yipeng shares to Xiamen Jiupai

May 5 Highpower International Inc

* Highpower International enters into equity transfer agreement

* Highpower International - unit entered into equity transfer, capital increase deal whereby unit will sell most of its shares of Yipeng to Xiamen Jiupai

* Highpower International Inc- deal for aggregate consideration of RMB71.0 million (approximately $10.3 million)

* Highpower International - in connection with transfer, co will also receive approximately rmb50 million in outstanding accounts receivable due from yipeng

* Highpower International-after equity transfer, new power's additional investment, huizhou highpower's equity ownership of yipeng to be 4.654% from 35.4% Source text for Eikon: Further company coverage:

我们的标准: 汤森路透“信任原则

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