CENTRAL NEW EGY (01735): CENTRAL Low Carbon (Hong Kong) Signs Strategic Cooperation Agreement with Shanghai Microgrid to Promote Development of Integrated Solar-Storage-Charging Infrastructure

Stock News
Aug 26, 2025

CENTRAL NEW EGY (01735) announced that on August 26, 2025, Shanghai Microgrid Huiline New Energy Technology Co., Ltd. entered into a strategic cooperation agreement with CENTRAL Low Carbon New Energy Technology (Hong Kong) Limited, an indirect wholly-owned subsidiary of the company. Under this agreement, the contracting parties intend to promote the construction and development of integrated solar-storage-charging infrastructure based on the principles of mutual benefit and resource sharing.

The board of directors believes that the cooperation framework outlined in this agreement will enable the group to leverage its experience and capabilities in developing and operating new energy projects. The board also believes that this cooperation can expand the group's business opportunities, broaden its revenue sources, and enhance its financial performance. Therefore, the board considers that the cooperation with Shanghai Microgrid will benefit the group's future development and serve the overall interests of the company and its shareholders.

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