Hong Kong Stock Movement | GUOFUHEE (02582) Rises Nearly 5% Intraday, Signs Pre-order Agreement for Tasmania Hydrogen Project in Australia

Stock News
Jan 12

GUOFUHEE (02582) rose nearly 5% during the trading session. As of the time of writing, the stock was up 3.66%, trading at HKD 28.9, with a turnover of HKD 29.6669 million.

On the news front, GUOFUHEE announced that on December 29, 2025, the company entered into a pre-order agreement with Line Hydrogen (Australia) Pty Ltd, a company incorporated under Australian law in which GUOFUHEE holds a 14% stake, concerning procurement matters for the hydrogen energy project located in Tasmania, Australia.

The agreement covers, but is not limited to, complete sets of water electrolysis hydrogen production equipment; complete sets of hydrogen refueling station equipment (including filling stations); multi-unit gas container (MEGC) equipment; and related installation, commissioning, technical training, and operational maintenance services for the aforementioned equipment, which will only become effective upon the signing of formal procurement agreements or purchase orders.

The signing of the agreement represents a key initiative by the Group to implement its internationalization strategy and establish a global footprint in the hydrogen energy market.

Should the transactions contemplated under the agreement and the collaboration with leading Australian enterprises be successfully implemented, it is expected to positively impact the company's rapid entry into the Australian market, reduce risks associated with independently developing projects, and enhance the international influence of the GUOFUHEE brand.

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