On 14 September 2026, Green Power Group Limited announced that its indirect wholly owned subsidiary, Lechang Green Energy Storage Technology Co., Ltd., successfully bid for the 50-year land-use rights of parcel #PS-G-01A-11 in Hefeng Village, Pingshi Town, Lechang, Shaoguan, Guangdong Province. The consideration totals RMB15.78 million (approximately HK$18.46 million), representing the base bid price in the public listing-for-sale process conducted by the Lechang Natural Resources Bureau.

Under the agreed payment terms, 50% of the consideration—RMB7.89 million (about HK$9.23 million)—was lodged as a bidding deposit and forms part of the purchase price. The remaining RMB7.89 million is payable after execution of the Land Use Rights Grant Contract, which must be concluded within 30 days of the 1 September 2026 confirmation letter. Funding will come from internal resources and/or debt financing.

The 29,115.37-square-metre site, designated for “power supply” use, will host the “Shaoguan Lechang 218 MW/436 MWh Electrochemical Independent Energy Storage Project.” Proximity to the 500 kV and 220 kV Guangdong Power Grid, coupled with existing local infrastructure for water, drainage, fire protection and roads, is expected to streamline construction and reduce costs. Local authorities have expressed support for the initiative, and Guangdong’s market-oriented power-trading environment is viewed as advantageous for project operations.

Given that relevant percentage ratios under Hong Kong’s Listing Rules exceed 5% but remain below 25%, the land acquisition is classified as a discloseable transaction, triggering announcement and reporting obligations but not shareholder approval. The directors deem the price and terms to be fair and reasonable and in the interests of shareholders as a whole.