Jiangsu Guofu Hydrogen Energy Equipment Co., Ltd. (“Guofu”) signed two sales agreements that reinforce its international expansion and domestic market integration.

On 6 April 2026, Guofu agreed to supply a 20 MW hydrogen generation system to GF Hydrogen Africa Sarl, an associated company, for USD6.20 million. The project targets Morocco—described in the announcement as Africa’s pivotal green-hydrogen market—and is expected to showcase large-scale applications while supporting Guofu’s previously announced 1 GW local manufacturing capacity.

Earlier, on 30 March 2026, Guofu entered a RMB32.05 million contract with independent third party Guangdong Yuntao Hydrogen Energy Technology Co., Ltd. to deliver at least five hydrogen refueling stations and provide related installation services. The collaboration links Guofu’s Yangtze River Delta production base with the Pearl River Delta’s policy support and end-user demand, forming a model in which Guofu supplies infrastructure equipment and Yuntao handles downstream application systems.

According to the board of directors, the two agreements are expected to enhance the Group’s operating performance by: • Accelerating market penetration in Africa through a flagship green-hydrogen project in Morocco; • Advancing cross-regional integration within China’s two largest hydrogen clusters and supporting the Guangdong-Hong Kong-Macao Greater Bay Area hydrogen corridor; • Moving the company toward a full-chain hydrogen ecosystem covering production, storage, transportation, refueling and vehicle applications.

The board also reminded shareholders and potential investors to exercise caution when trading the company’s H shares, noting that this is a voluntary business update.