other_material
confidence high
sentiment positive
materiality 0.65
iPower appoints Yi Yang as director, deposits for JV equipment; targets Q4 2025 launch
iPower Inc.
- Appointed Yi Yang as independent director effective June 5, 2025; she is founder/CEO of JV partner Custom Cup Factory.
- Formed joint venture United Package NV LLC with CCF and Ms. Yang for domestic packaging production.
- Made deposit payment to start equipment production for new integrated line; targets full operational launch Q4 2025.
- Equipment completion expected in two months, then shipping, installation, and testing.
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