SDHG Signs Non-Binding Strategic Cooperation Framework with VNET to Pursue Green Energy–Data Center Integration

Bulletin Express05-27

Shandong Hi-Speed Holdings Group Limited (SDHG) has entered into a non-legally binding strategic cooperation framework agreement with NASDAQ-listed VNET Group, Inc. on 26 May 2026. The accord aims to develop a “green energy + high-efficiency computing power” ecosystem anchored in data centres.

Key cooperation areas:

1. Generation, Grid, Load and Storage Integration • Generation: SDHG will design, build and operate dedicated photovoltaic, wind and other clean-energy power stations for VNET’s data centres. • Grid: Both parties will evaluate direct power supply, cross-boundary electricity trading and incremental distribution networks to cut transmission costs and lift green-power utilisation. • Load: Joint efforts will focus on smart load management to stabilise power-grid fluctuations without compromising data-centre computing security. • Storage: The partners intend to deploy electrochemical and hydrogen energy storage solutions based on cost-effectiveness.

2. Deeper Collaboration with Shandong Hi-Speed New Energy (SHNE) The framework outlines potential joint projects in distributed energy at data-centre sites, green-power trading models, integrated energy services and advanced energy-saving technologies.

Implementation Mechanism The companies will form a dedicated working group and maintain regular management-level communication to refine project plans and address operational issues.

Strategic Rationale SDHG’s investment and financing strength, combined with VNET’s data-centre expertise, underpins a shared strategy to capitalise on rising AI-driven computing demand while supporting China’s carbon-neutrality objectives. The collaboration seeks to pioneer an “asset-light and asset-heavy segregation coupled with computing-energy synergy” model.

The framework agreement is expressly non-binding except for confidentiality provisions; any formal projects may constitute discloseable transactions under Hong Kong listing rules. Further announcements will be issued upon material progress.

Investors are advised to exercise caution when dealing in SDHG’s securities.

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