Ann: Strategic Investment in St George, page-3

21 December 2022
STRATEGIC $2 MILLION INVESTMENT IN ST GEORGE BY THE SUNWODA
GROUP – A WORLD LEADER IN THE LITHIUM-ION BATTERY INDUSTRY
HIGHLIGHTS
• Hongkong Xinwei Electronic Co., Limited (“Xinwei”), a wholly-owned subsidiary of
Sunwoda Electronic Co., Ltd (“Sunwoda”) – globally recognised for its industry leading
credentials in the design and manufacture of lithium-ion batteries – has agreed to
invest $2 million in St George by way of a placement of new shares at $0.086 per share (emphasis added).