CCIAM Future Energy (00145) announced on December 18, 2025, that its wholly-owned subsidiary, CCIAM Engineering (China) Co., Ltd. (CCIAM Engineering), has entered into a framework agreement with a China-registered company (Partner Company). Under the agreement, the parties will collaborate on a photovoltaic solar power project (Guinea Solar Project) and related trade matters in a mining area operated by a Chinese company in Guinea.
The Partner Company has agreed that CCIAM Engineering will establish a dedicated project operating company to manage the Guinea Solar Project and execute a new energy project cooperation contract. The project company will oversee the overall planning, design, contractor selection, and equipment procurement for the project. It will also act as the financing agent, seeking necessary construction funds from third parties, including leveraging the listed status of CCIAM Engineering’s parent company for project financing.
Upon completion of the Guinea Solar Project, CCIAM Engineering or its designated company will be responsible for the operation, management, maintenance, and stable supply of solar power. An annual service fee of 1.5% of the total investment will be charged. The total investment for the project is preliminarily estimated at approximately RMB 4 billion (subject to actual expenditures), with capital investment around RMB 1.3 billion. Financing will be arranged per the framework agreement.
Additionally, the parties agreed that CCIAM Engineering or its designated third-party company will collaborate with the Partner Company on international trade of bauxite, assisting with international letters of credit and logistics arrangements. The Partner Company, primarily engaged in industrial investment, is a major shareholder in a large-scale bauxite project in Guinea and serves as the sole authorized representative in China.
CCIAM Future Energy remains committed to providing innovative, sustainable solutions to enhance energy efficiency and reduce carbon emissions. The Board believes this cooperation aligns with the company’s business strategy and benefits shareholders by leveraging its expertise in energy-saving solutions.
Furthermore, the Group anticipates rapid growth in electric vehicle (EV) adoption, increasing demand for EV charging stations in Hong Kong. This trend supports the expansion of its EV charging business. A high-speed EV charging station has recently commenced trial operations, capable of servicing multiple taxis and private vehicles simultaneously, marking progress in the Group’s energy-saving business segment. The company will monitor market conditions and may further develop this business as appropriate.