Concord New Energy Group Signs EPC Agreements with DaeBo Energy Solution

Reuters

Oct 31

Concord New Energy Group Signs EPC Agreements with DaeBo Energy Solution

Concord New Energy Group Limited announced that, after trading hours on 31 October 2025, its wholly-owned subsidiaries (the Owners) entered into EPC (Engineering, Procurement, and Construction) agreements with DaeBo Energy Solution Co., Ltd., a company incorporated in the Republic of Korea. Under these agreements, DaeBo will undertake the engineering, procurement, and construction of solar power electrical generating facilities for the Group. The Directors consider the terms of the EPC agreements to be on normal commercial terms and in the interests of the Company and its shareholders as a whole. The transaction constitutes a discloseable transaction under Chapter 14 of the Hong Kong Listing Rules, as the applicable percentage ratio for all the EPC agreements collectively exceeds 5% but is less than 25%.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Concord New Energy Group Ltd. published the original content used to generate this news brief on October 31, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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