WING LEE DEV (09639) announced that on November 3, 2025, Rongqi New Energy Technology Co., Ltd. (Rongqi, a non-wholly owned subsidiary of the company) signed a memorandum of understanding with Contemporary Amperex Technology Co., Limited (CATL). The two parties will closely collaborate in the green energy sector, including: (a) cooperation in engineering design, procurement, and construction for energy storage system supply, with a focus on establishing a comprehensive network dedicated to providing advanced solutions for global new energy applications; (b) exploring opportunities for collaboration in energy storage system integration and solution platforms with strategic business partners in global markets.
The group is a large-scale Hong Kong contractor engaged in civil and electromechanical engineering as well as new energy businesses. In the new energy sector, the group undertakes solar photovoltaic projects, distributes various electric commercial vehicles and electric construction machinery, and constructs charging stations along with subsequent maintenance, charging and battery swapping, recycling, and energy storage services. The company legally and beneficially owns 7,000 shares of Rongqi (equivalent to 70% of Rongqi's issued share capital).
CATL (stock codes: 300750.SZ, 03750.HK) is a globally leading innovator in new energy technology, primarily engaged in the research, development, production, and sales of power batteries and energy storage batteries. The company is committed to promoting the replacement of mobile and stationary fossil fuels through electrification and intelligent technologies, accelerating integrated innovation for market applications, and providing top-tier power and energy storage battery products along with related innovative solutions for global new energy applications.
The board believes that signing the strategic cooperation memorandum with CATL marks the group's official entry into the new energy and energy storage sectors, representing a significant milestone in the company's diversified business development. The two parties intend to jointly develop high-efficiency energy storage systems and solutions. This strategic move not only aligns precisely with the company's development strategy but also helps capture substantial market opportunities in the green energy sector, further solidifying the company's leadership position in green infrastructure.