Forward New Energy Technology (Dongguan) Co Ltd (FNETech), Launches Next-Generation LCC Lithium Carbon Capacitor in Beijing

[Beijing – June 20, 2025] Forward New Energy Technology (Dongguan) Co., Ltd. ("FNETech"), a wholly-owned subsidiary of Man Yue Technology Holdings Limited ("Man Yue Technology" or the "Group"), together with Guangdong Shenzhou Tianji New Energy Development Co., Ltd. ("Shenzhou Tianji"), successfully hosted the "FNETech & Shenzhou Tianji Next-Generation Energy Storage LCC Lithium Carbon Capacitor Global Launch Event" in Beijing today.

The conference was attended by prominent dignitaries and scholars, including:

Xu Dingming, Deputy Director of the National Energy Leadership Group Office, Deputy Director of the National Energy Advisory Expert Committee, and former Director of the Bureau of Energy of the National Development and Reform Commission (NDRC).

Wang Yuming, Academician of the Chinese Academy of Engineering, Director of the National Key Laboratory of Intelligent Green Vehicles and Transportation, and Professor in the Department of Mechanical Engineering at Tsinghua University.

Experts and scholars from the Chinese Academy of Sciences (CAS), the Ministry of Industry and Information Technology (MIIT), and the Ministry of Science and Technology (MOST).

Kee Chor Lin, Chairman of Man Yue Technology Group; Eugene Chan, Chairman of FNETech; and Chen Guoqiang, Chairman of Shenzhou Tianji, jointly attended the event and delivered keynote speeches.

Physical Storage Mechanism Achieves Ultra-High Safety, Eliminating Thermal Runaway Risks

The FNETech & Shenzhou Tianji next-generation energy storage LCC lithium carbon capacitor is a novel composite energy storage device. Utilizing a physical energy storage mechanism with no internal chemical reactions, the device achieves ultra-high safety profiles and completely eliminates the risk of thermal runaway, fire, or explosion. Serving as an inherently safe capacitor, its introduction to the market fundamentally solves the fire and explosion hazards associated with traditional electrochemical energy storage.

Seven Core Performance Breakthroughs

Launch of Ten Scenario-Based Products to Fill Industry Gaps
At the conference, the organizers unveiled ten scenario-based application products powered by the next-generation lithium carbon capacitor cells, shattering the application boundaries of conventional batteries:

Two- and Three-Wheeled Electric Bicycle Solutions: 20-minute fast charge to full, retains over 90% energy at -40°C, 7-year warranty, with only half the weight and volume of traditional batteries.

New Energy Heavy Trucks / Mining Trucks / Engineering Machinery Solutions: 50,000 to 500,000 cycle life, offering the world's lowest full-lifecycle cost; perfectly suited for high-safety requirement fields like hazardous chemical transport.

Robotic Dog / Unmanned Vessel Solutions: Ultra-high power output supporting high-intensity dynamic tasks, deployable across extreme cold, high altitudes, and high temperatures.
Heavy-Lift Drone Solutions: Combines high power density with high energy density, adapted for high-altitude and low-temperature operations; supports battery-sharing economy models.
AI Data Center / Telecom Base Station BBU: Millisecond-level response, zero thermal runaway risk, and a wide working temperature range of -50°C to +80°C; fills the deployment gap for harsh environments like polar regions, plateaus, and deserts.
Emergency Charging Vehicles / Outdoor Power Supplies / Power Banks: Fundamentally eliminates thermal runaway risks, supporting global deployment from the Arctic to deserts.

Oilfield Pumping Unit EDLC Supercapacitor Energy Recovery System: Delivers a cycle life of 1 million times, achieving energy-saving effects of up to 50%.

Academic-Industrial Collaboration: Joint Laboratory with CAS Officially Unveiled
During the event, the New Energy Technology Joint Laboratory was officially inaugurated. Dr. Ji Junhui, a researcher at the Technical Institute of Physics and Chemistry of the Chinese Academy of Sciences (CAS), stated that lithium carbon capacitors hold an irreplaceable position among future product technologies, including solid-state batteries. The joint laboratory will increase R&D investments in safety, de-lithiumization, energy density, and low-to-high temperature performance enhancement, accelerating breakthroughs and applications of this product in cutting-edge industries.

Excerpts from Speeches by Leaders and Experts

Xu Dingming (Deputy Director of the National Energy Leadership Group Office) pointed out that new energy is a matter of national importance, and safety is its absolute baseline. The physical energy storage attribute of the lithium carbon capacitor makes it a truly inherently safe battery, resolving the core safety issues of new energy from the root.

Academician Wang Yuming (Professor at Tsinghua University) emphasized that the energy density of lithium carbon capacitors has begun to catch up with lithium batteries, a feat unprecedented in the global industry. Combining the outstanding traits of both lithium batteries and supercapacitors, this product breaks through the conventional limitations of chemical batteries in safety, high power, extreme cold environments, ultra-long lifespan, rapid charge/discharge, and environmental protection. It broadens the scope of new energy application scenarios and holds immense social value and market potential.

About Forward New Energy Technology (Dongguan) Co., Ltd.
Forward New Energy Technology (Dongguan) Co., Ltd. is a wholly-owned subsidiary of Man Yue Technology Holdings Limited, specializing in supercapacitor applications and energy storage systems. Backed by 20 years of technological heritage, thousands of experiments, and tens of thousands of hours of testing—alongside seven years of commercial production and rigorous field validation across multiple scenarios—the company officially rolled out its next-generation energy storage lithium carbon capacitor in 2025. The product successfully synthesizes seven major breakthroughs into one unified system: long lifespan, absolute safety, extreme low-temperature performance, fast-charging without degradation, broad power response, battery-level energy density, and environmental sustainability.

Leveraging its fully autonomous industry chain capabilities, Man Yue Technology will continue to utilize FNETech as its core new energy strategic vehicle. Working in synergy with existing technologies like lithium batteries and hydrogen energy, the Group is dedicated to driving the advancement of national and global new energy technologies.

For inquiries, please contact: Man Yue Technology Holdings Limited

Investor Relations Department
Email: ir@manyue.com
Website: www.manyue.com