Lithium-Ion Battery Developer Announces Name Change to Highpower International

Highpower International, Inc. (NASDAQ: HPJ), a developer, manufacturer and marketer of nickel-metal hydride (Ni-MH) and lithium-ion (Li-ion) batteries and related products, today announced the results of its 2010 Annual Meeting of Stockholders held October 20, 2010 in Shenzhen, Guangdong Province, People's Republic of China, including approving an amendment to the certificate of incorporation to change the corporate name to Highpower International, Inc. The Company's ticker symbol will remain "HPJ."

"We believe the name Highpower International, Inc. better reflects the global nature and initiatives of our company," said George Pan, Chief Executive Officer of Highpower International, Inc. "As we continue to expand our efforts to be a pre-eminent, international battery player focused on clean energy technology and solutions, we feel the corporate identity should evoke a more global name and brand."

The Company's stockholders also approved two additional proposals set forth in its proxy statement dated September 3, 2010. The additional approved proposals were:

  • The re-election of five members to the Company's Board of Directors -- Dang Yu Pan, Xinhai Li, Wen Liang Li, Chao Li, and Ping Li -- until the Company's Annual Meeting of Stockholders in 2011, or until their successors are elected and qualified;
  • The ratification of Dominic K.F. Chan & Co., as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2010.

Source: http://www.haopengbattery.com/

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