On July 1, CHINA HK POWER SMART ENERGY GROUP LIMITED (hereinafter referred to as "China HK Power") held a signing ceremony and the first shareholders' and board meeting at its Shenzhen headquarters for the newly established GANSU HK POWER ZHUOYI SMART ENERGY TECHNOLOGY CO., LTD. (hereinafter referred to as "Gansu HK Power"). This new joint venture, co-invested with GANSU ZHUOYIXINXI ENERGY SAVING TECHNOLOGY CO., LTD. and SHANDONG QIWEIT SOLAR TECHNOLOGY SALES CO., LTD., marks China HK Power's formal entry into the Gansu smart heating market.

At the signing ceremony, Deng Yongbo, Vice President of China HK Power, delivered a speech emphasizing the company's commitment and high expectations for the smart heating market. He expressed his hopes for the joint venture's success. Following his speech, representatives of the three shareholders signed the joint venture contract, officially establishing their cooperative relationship.

During the subsequent shareholders' and board meetings of Gansu HK Power, key proposals were reviewed and approved, including the company's articles of association, the appointment of directors, supervisors, senior management personnel, and the general manager's annual work report. These decisions outlined the organizational structure, meeting rules, and operating mechanisms, laying a solid foundation for standardized operations.

The successful signing ceremony and meetings signify China HK Power's official expansion into the Gansu smart heating market. The group will fully support Gansu HK Power's business development, ensuring high standards, quality, and efficiency through complementary resources and sincere cooperation. This partnership will not only accelerate the development of the smart heating market in Gansu but also inject new momentum into China HK Power's transformation and growth.