GUOFUHEE (02582) Completes Delivery of 424 Vehicle-Mounted High-Pressure Hydrogen Supply Systems to Customers

Stock News
01/02

GUOFUHEE (02582) announced that the Group has completed the delivery of a total of 424 vehicle-mounted high-pressure hydrogen supply systems to its customers. These systems will be used in fuel cell buses in Guangzhou City, Guangdong Province, China, as part of a green, low-carbon public transport demonstration project promoted by the city as a member of the national hydrogen energy demonstration city cluster.

This delivery by the Group provides efficient hydrogen energy supply for the large-scale commercial operation of hydrogen fuel cell buses in Guangzhou, which is one of China's largest hydrogen bus projects. The 424 vehicle-mounted high-pressure hydrogen supply systems delivered by the Group are products independently developed and manufactured by the Group, featuring high safety, strong reliability, and excellent environmental adaptability, making them one of the core key components for hydrogen fuel cell vehicles.

The successful delivery of such products strengthens the Company's market position in the hydrogen energy transportation industry and enhances the Group's brand recognition and competitiveness in this market segment; it represents a successful milestone in commercial cooperation, having established reliable business connections and a cooperative model between the Group, leading enterprises in Guangdong Province, and government agencies, which forms part of the Group's long-term strategy for hydrogen energy deployment in the Pearl River Delta region; and subject to the Group's audited financial statements to be published, the successful delivery may have a positive impact on the Group's operations and financial performance.

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