China HK Power Smart Energy Group Limited (Stock Code: 931) observed an increase in its share price and trading volume on 20 October 2025. According to the board of directors, there are no undisclosed reasons for these movements. The group’s business operations remain normal, with no significant changes to its financial position.

Negotiations have been in progress since 1 May 2025 for a major LNG project. The company previously signed a confidential agreement with an LNG user on 12 September 2025 and also signed a separate confidential agreement on 1 July 2025, followed by a memorandum of understanding on 1 August 2025, both with an international financial company for funding support. As of the date of the announcement, no definitive terms have been agreed upon, and further details will be provided if the possible investment materializes.

The announcement reiterates that the proposed acquisition and investment may or may not proceed, and there are no binding agreements in place at this stage. Shareholders and potential investors are urged to exercise caution when dealing in the company’s securities.