SDH - SDH STOCK NEWS

Global Internet of People, Inc. (SDH) has signed a memorandum of understanding (MOU) with Graphite One Inc. to explore the creation of a graphite materials manufacturing facility in Washington State. This facility aims to produce anode and other graphite products using natural graphite sourced from Alaska. Sunrise (Guizhou) New Energy Material Co., Ltd., a subsidiary of SDH, will assist in the design and operation of this facility. CEO Haiping Hu sees this partnership as a way to enhance SDH's presence in the growing North American graphite market.

Global Internet of People, Inc. (SDH) reported substantial financial declines for the fiscal year ended December 31, 2021. Net revenues fell by 68.03% to $7.41 million, down from $23.19 million in 2020. The company experienced a net loss of $8.40 million, compared to a net income of $12.09 million the previous year. Notably, while revenues from consulting services and merchandise sales increased by 280% and 40%, respectively, significant drops in enterprise services and sponsorship advertising led to overall revenue decline. SDH is pivoting towards the new energy material market to diversify its operations.

Global Internet of People, Inc. (SDH) announced a joint venture with several partners to produce high-grade lithium-ion battery anode materials. The subsidiary, Zhuhai, will hold a 51% stake in the JV alongside other investors. The JV, located in Guizhou Province, involves a total investment of up to RMB620 million ($98.13 million) and spans approximately 266,800 square meters. The production facility is expected to complete construction within 15 months after receiving regulatory approvals. CEO Haiping Hu expressed confidence in the venture's growth potential, driven by rising demand for lithium batteries.

Global Internet of People, Inc. (SDH) held an extraordinary general meeting on April 1, 2022, where shareholders approved the formation of a joint venture with Guizhou Yilong District Industrial Development Investment Co., Ltd. The joint venture aims to produce anode materials for lithium-ion batteries. A total of 19,430,564 votes, accounting for 79.21% of the exercisable votes, supported the proposal. CEO Haiping Hu expressed gratitude to shareholders for their backing, anticipating significant value creation from this opportunity.

Global Internet of People, Inc. (SDH) announced a virtual extraordinary general meeting for shareholders scheduled for April 1, 2022. The meeting aims to discuss the formation of a joint venture with local government-backed entities for producing anode materials for lithium-ion batteries. Shareholders recorded by February 24, 2022, will be able to vote on this proposal during the meeting, which is organized to ensure safety amid COVID-19. The company encourages participation through virtual means and addresses proxy voting options for shareholders unable to attend.

Global Internet of People, Inc. (SDH) announced the appointment of Dr. Xiang (Roy) Luo to its Board of Directors, effective March 11, 2022. He replaces Mr. John G. Nossiff, who resigned for personal reasons. Dr. Luo is recognized for his expertise in carbon management and sustainable development, bringing over 20 years of experience from various senior roles at the United Nations and other organizations. CEO Haiping Hu expressed confidence in Dr. Luo's ability to contribute valuable insights to the company's initiatives related to carbon emissions.

Global Internet of People, Inc. (SDH) has been selected as one of six institutional partners by the People's Government of Luolong District for the Luolong Think Tank, a three-year initiative aimed at boosting industry development in Luolong City. The Think Tank focuses on sectors like raw materials, intelligent equipment, and biomedicine, involving consultations on projects to attract investments. CEO Haiping Hu expressed honor in the selection, emphasizing the potential for enhancing the company's knowledge-sharing platform, thus delivering value to shareholders.

On February 16, 2022, Global Internet of People, Inc. (SDH) announced the launch of a carbon emission management training program (CEM Program) through its subsidiary, GMB Education. This initiative responds to the growing demand for qualified professionals in carbon emission management, driven by new Chinese government policies. The CEM Program offers comprehensive training services, including expert courses and job recommendations. Chairman Haiping Hu emphasized the importance of this expansion into the vocational education sector amid China’s education reform, indicating future program launches.

Global Internet of People, Inc. (SDH) reported a 16.36% decline in net revenue for the six months ended June 30, 2021, totaling $5.44 million compared to $6.51 million in 2020. This drop was primarily due to decreased demand for member and comprehensive tailored services because of COVID-19. However, sponsorship advertising services saw a 44.2% increase to $1.73 million, and merchandise sales rose by 70.4% to $2.08 million. The company reported a net loss of $1.44 million, marking a significant shift from a profit in the previous year.