GUOFUHEE (02582) has recently entered into a comprehensive joint venture agreement with a holding company under the family fund of a core member of a prominent Thai conglomerate. The two parties will formally establish a joint venture company to embark on a new initiative focused on AI data center power supply products and hydrogen energy equipment facilities in Southeast Asia. This collaboration aims to support the region's low-carbon digital economy transformation and the large-scale development of the hydrogen energy industry. The partnership directly addresses the challenges of power shortages and high energy consumption amid the rapid growth of AI data centers in Southeast Asia. Centered on modular data center power supply products, it will provide stable, low-carbon, and efficient power assurance for data centers in Thailand and the broader Southeast Asian region, helping to overcome bottlenecks in the development of regional computing infrastructure. According to the joint venture agreement, the newly established company will be positioned as a "regional market operator," focusing on three core business areas tailored to meet Southeast Asian market demands: First, the AI Data Center Low-Carbon Power Supply Solution will tackle the issues of power shortages and high energy consumption driven by the rapid expansion of AI data centers in Southeast Asia. Leveraging GUOFUHEE's extensive technical expertise in power generation and distributed energy, the venture will provide reliable power supply for data centers, meeting the urgent need for green computing infrastructure to support the digital economy transition in Thailand and Southeast Asia, and aiding the regional data center industry in achieving low-carbon, high-efficiency, and sustainable development. Second, the Hydrogen Energy Transportation and Refueling Network System will focus on the commercial deployment challenges of hydrogen transportation in Southeast Asia, prioritizing the promotion and application of hydrogen-powered heavy trucks and hydrogen swapping supply systems. Concurrently, a hydrogen refueling station network will be deployed in key areas such as Thailand's Eastern Economic Corridor (EEC) and central Bangkok, advancing the construction, operation, and maintenance of refueling stations to build an integrated hydrogen transportation ecosystem covering production, storage, transportation, refueling, and utilization. This initiative will support carbon reduction in Thailand's transportation sector, promote commercial demonstration and large-scale application of hydrogen heavy trucks in logistics, ports, and industrial settings, and enhance the regional hydrogen energy industry chain. Third, the Smart Drone Industry Ecosystem will leverage the industrial resources and channel advantages of the Thai conglomerate in agriculture and logistics to develop agricultural plant protection drones and logistics drone services. This will modernize agriculture in Thailand and Southeast Asia, improving production efficiency and smart technology adoption. Additionally, a smart logistics drone network will be established to create an efficient, low-cost last-mile delivery system, contributing to the high-quality development of the regional smart logistics industry. Thailand, as a core engine for digital economic growth in Southeast Asia, is experiencing explosive expansion in its data center market. According to exclusive monitoring by IDCNOVA, as of April 2026, Thailand had approximately 60 publicly trackable data center facilities distributed across eight core markets, placing it in the top tier of Southeast Asia's data center hotspots. True IDC, part of the conglomerate's system and a flagship computing power provider in Thailand, currently has a total power capacity exceeding 150MW. It launched Thailand's first AI hyperscale data center in 2025 and announced a new-generation AI hyperscale campus in the EEC region in April 2026, targeting a maximum capacity of 250MW, indicating sustained growth potential in the regional market. Currently, industry leaders are accelerating their deployment of data center infrastructure in Thailand, with green and low-carbon development becoming an industry consensus. This powerful partnership will prioritize green energy solutions for data centers as an initial breakthrough to quickly capture market share, while simultaneously advancing hydrogen energy transportation and smart drone business operations, forming a synergistic development framework integrating digital energy, hydrogen transportation, and smart equipment.