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fierce3| Zhonghuan New Energy Affiliated signed a cooperation framework agreement with Sunshine New Energy

fierce3| Zhonghuan New Energy Affiliated signed a cooperation framework agreement with Sunshine New Energy

Zhonghuan New Energy (01735) issued an announcementfierce3, on May 25, 2024fierce3, Sunshine New Energy Development Co., Ltd.(Sunshine New Energy) and Zhonghuan Low Carbon New Energy (Anhui) Group Co., Ltd.(Zhonghuan Low Carbon, an indirect wholly-owned subsidiary of the company) signed a cooperation framework agreement. According to the agreement, both parties plan to Strengthen the strategic cooperative relationship between the two parties, expand the scale of cooperation, enrich cooperation content and innovate cooperation mechanisms.

The announcement stated that the group currently has five major business segments, namely green building and construction-related businesses; new energy and engineering, procurement and construction; smart energy management services; health and wellness; and food and beverage supply chain. The board believes that the cooperation framework considered and outlined in the agreement will allow the group to leverage its experience and capabilities in the development and operation of new energy projects. The Board also believes that this cooperation, especially in the areas of centralized power stations, battery modules and joint photovoltaic innovation laboratories, can expand the Group's business opportunities, broaden its revenue sources and enhance its financial results. Therefore, the board of directors believes that the cooperation with Sunshine New Energy will be conducive to the future development of the group and will be in line with the overall interests of the company and its shareholders.

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