Eaton acquires 50% equity in the circuit breaker business of Jiangsu Huineng Electric Co., Ltd

Dublin, Ireland... Global power management company Eaton (NYSE: ETN) announced today that it has completed the acquisition of a 50% stake in the circuit breaker business of Jiangsu Huineng Electric Co., Ltd. (Huineng). Huineng Electric is a Chinese company specializing in the production and sales of low-voltage circuit breakers.

This strategic cooperation is an important milestone in Eaton's growth strategy, "said Mr. Liu Hui, President of Eaton Electrical Asia Pacific." The combination of customized products and global channels enables us to seize high-speed market opportunities to achieve business growth, such as in renewable energy, power grid modernization, commercial buildings, and industries

Jiangsu Huineng Electric Co., Ltd. is a high-tech electrical equipment manufacturer in China. Huineng Electric was founded in 2007 and is headquartered in Zhenjiang, China. Its products are widely used in various industries, including wind energy, solar energy, and power plants, and have been fully recognized by customers.

Eaton, as an intelligent power management company, is committed to improving the quality of human life and enhancing environmental quality. Whether now or in the future, we promise to operate with integrity, promote sustainable development, and help customers better manage their drive. Driven by the trends of electrification and digitization, we are accelerating the global transition to renewable energy, helping to address the most pressing power management challenges and creating more value for our stakeholders and society.

Eaton Corporation was founded in 1911 and has been listed on the New York Stock Exchange for nearly a century. In 2021, Eaton's sales reached $19.6 billion, with operations in over 170 countries. Eaton entered the Chinese market in 1993 and rapidly developed its business in China thereafter. In 2004, the company's Asia Pacific headquarters moved from Hong Kong to Shanghai. In China, Eaton Corporation currently has approximately 8000 employees and 19 production bases.

For more information, please visit the official website of Eaton Corporation: www.eaton. com. cn

About Eaton

Eaton, as an intelligent power management company, is committed to improving the quality of human life and enhancing environmental quality. Whether now or in the future, we promise to operate with integrity, promote sustainable development, and help customers better manage their drive. Driven by the trends of electrification and digitization, we are accelerating the global transition to renewable energy, helping to address the most pressing power management challenges and creating more value for our stakeholders and society. Eaton Corporation was founded in 1911 and has been listed on the New York Stock Exchange for nearly a century. In 2021, Eaton's sales reached $19.6 billion, with operations in over 170 countries.

Eaton entered the Chinese market in 1993 and rapidly developed its business in China thereafter. In 2004, the company's Asia Pacific headquarters moved from Hong Kong to Shanghai. In China, Eaton Corporation currently has approximately 8000 employees and 19 production bases.

For more information, please visit the official Chinese website of Eaton Corporation:www.eaton. com/cn