U POWER LIMITED (NASDAQ: UCAR) Wins the"Outstanding Technology Stock"Award at the 2024 HK-US Stock"Golden Wisdom Award"Ceremony

On April 3,2025,the first-ever"2024 HK-US Stock Golden Wisdom Award"Ceremony,jointly organized by Digital International and Cailian She,was grandly held at the Seaview Hall on the 8th floor of the Renaissance Harbour View Hotel in Hong Kong.

U POWER LIMITED (NASDAQ: UCAR) ,as an industry leader,was awarded the"Outstanding Technology Stock"award in recognition of its remarkable achievements,innovative business strategies,and efficient management in 2024.This accolade is a testament to the company's strong comprehensive strength,representing not only a high endorsement of U POWER LIMITED 's performance over the past year but also an affirmation of its future development potential.

The ceremony gathered numerous industry elites to witness this momentous occasion.The honor bestowed upon U POWER LIMITED is the result of the collective efforts of all its members and a testament to the company's continuous pursuit of innovation and market expansion.Looking ahead,U POWER LIMITED will continue to embrace the spirit of innovation,actively engage in digital intelligence transformation,and enhance its core competitiveness to further contribute to industry development.

A key factor in earning this recognition is U POWER's UOTTA platform,which has revolutionized electric vehicle(EV)battery swapping technology and station operation models.The UOTTA system offers a 70% lower cost per kilometer compared to fuel vehicles,with 3-minute battery swapping and compatibility across multiple vehicle models.It promotes a"battery separation from vehicle"model,enhancing dynamic energy asset management.The platform has also established strategic alliances with public transportation,logistics,and transportation organizations to expand the operation and management of battery swapping stations,while collaborating with internationally renowned EV brands to introduce a diverse range of electric vehicle models.This has further consolidated the company's leading position in the new energy field.

In addition,U Power plans to expand into Hong Kong’s EV battery-swapping market,introducing advanced technology to support commercial vehicles and align with the government’s Roadmap on the Popularisation of Electric Vehicles.The company will also collaborate with global EV brands,extend R&D operations,and develop a comprehensive green energy hub integrating solar energy storage and battery-swapping stations.

U Power is honored to receive the"Golden Wisdom Award"and will use it as motivation to continue innovating and expanding its market presence,aiming to play a more significant role in the global new energy field and contribute to sustainable development goals.