Sunrise New Energy sets up Alchemistica Inc. to enter U.S. market

Rhea-AI Filing Summary

Sunrise New Energy Co., Ltd. (EPOW) filed a Form 6-K reporting it has entered into a Joint Venture Agreement dated 5 Aug 2025. The new Delaware entity, Alchemistica Inc., is intended to spearhead the Company’s expansion into the United States.

Total initial capital is US$1.0 million. Sunrise and its wholly-owned subsidiary SDH (HK) will contribute US$710 k, securing a 71 % controlling equity stake. The remaining 29 % will be provided by Kekecely Ltd (BVI) and Simple Cloud Technology (Maryland). No revenue, earnings, or forward-looking financial guidance was disclosed. Exhibit 10.1 contains the full JV Agreement.

Positive

• Strategic entry into the U.S. market via Delaware-based joint venture with 71 % ownership
• Initial capital requirement capped at US$1 m, limiting upfront financial risk

Negative

• Small investment size implies limited short-term revenue or earnings contribution
• Multi-jurisdictional structure could elevate compliance and governance costs

Insights

Financial Analyst

TL;DR: US JV gives EPOW 71% control with only US$1 m at stake; strategically positive, financially immaterial today.

The agreement broadens geographic reach with minimal capital outlay, preserving cash for core operations. A 71 % majority ensures consolidation of any future earnings and strategic direction. However, given the small dollar amount, near-term EPS impact is negligible. Investors should monitor follow-on funding rounds and clarity on the JV’s business model before adjusting forecasts.

Corporate Governance Expert

TL;DR: Majority-owned Delaware vehicle enhances U.S. compliance footing but adds cross-border governance complexity.

Incorporating the JV in Delaware aligns with U.S. legal standards, aiding future fundraising and customer contracts. Still, oversight will now span Cayman, Hong Kong, mainland China, BVI and U.S. jurisdictions, increasing regulatory filings and potential audit scope. Effective board structures and clear IP ownership clauses in the JV Agreement will be critical to mitigate dispute risk.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What did Sunrise New Energy (EPOW) disclose in its August 2025 Form 6-K?

It announced a Joint Venture Agreement to create Alchemistica Inc. in Delaware to support U.S. market expansion.

How much capital will fund the Alchemistica Inc. joint venture?

The parties will contribute US$1,000,000 in aggregate initial capital.

What ownership stake will Sunrise New Energy hold in the JV?

Sunrise and its Hong Kong subsidiary will hold a combined 71 % equity interest after contributing US$710 k.

Why is the joint venture significant for EPOW investors?

It signals strategic entry into the U.S. market, potentially opening new revenue streams while maintaining majority control.

Who are the other partners in the Alchemistica joint venture?

Kekecely Ltd (British Virgin Islands) and Simple Cloud Technology (Maryland) will share the remaining 29 % stake.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of August 2025

Commission File Number: 001-40008

Sunrise New Energy Co., Ltd. 

Room 703, West Zone, R&D Building
Zibo Science and Technology Industrial Entrepreneurship Park, No. 69 Sanying Road

Zhangdian District, Zibo City, Shandong Province

People’s Republic of China

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

Form 20-F ☒    Form 40-F ☐ 

Entry Into a Material Definitive Agreement

On August 5, 2025, Sunrise New Energy Co., Ltd., an exempted company with limited liability formed in the Cayman Islands (the “Company”), entered into a joint venture agreement (the “JV Agreement”) with SDH (HK) New Energy Tech Co., Limited, a company organized under the laws of Hong Kong and a wholly-owned subsidiary of the Company (“SDH (HK)”), Kekecely Ltd, a corporation organized under the laws of British Virgin Islands, and Simple Cloud Technology, a corporation organized under the laws of the state of Maryland (together with the Company, the foregoing entities are collectively referred to as “Parties”).

Pursuant to the JV Agreement, the Parties have agreed to establish a joint venture to be named “Alchemistica Inc” (the “JV”) under the laws of the State of Delaware, to support the expansion of the Company’s operations into the United States. The Parties will make an aggregate capital contribution of US$1,000,000 to finance the JV and will receive equity interests in the JV in proportion to their respective capital contributions. The Company and SDH (HK) will collectively contribute a total of US$710,000 and will hold a combined 71% equity interest in the JV.

The foregoing description of the JV Agreement is qualified in its entirety by reference to the full text of the Subscription Agreement, which is attached hereto as Exhibit 10.1.

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	Sunrise New Energy Co., Ltd.
Date: August 8, 2025	By:	/s/ Haiping Hu
	Name:	Haiping Hu
	Title:	Chief Executive Officer

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EXHIBIT INDEX

Exhibit No.		Description
10.1		JV Agreement dated August 5, 2025 by and among the Parties

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