iPower terminates VIE agreements for Chinese subsidiary, effective August 4, 2025

iPower Inc.

VIE Contract Termination Agreement executed Aug 4, 2025, by iPower subsidiary Dayourenzai (Shenzhen) Technology Co., terminating contractual control over Daheshou (Shenzhen) Information Technology Co.
DHS previously consolidated under VIE agreements; termination is immediate with equity pledge deregistration.
Services previously performed by DHS (PRC sales, supply chain, merchandising) now handled by iPower and other contractors.
Termination part of operational simplification; company expects no material effect on business or PRC revenue.
All VIE Agreements terminated with release of obligations; confidentiality and Chinese law govern.

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