SHUANGDENG (06960) announced that on April 10, 2026, the company entered into an agreement and a supplementary agreement with the Jiangsu Xuyi Economic Development Zone Management Committee. According to the agreements, the company will utilize its resources and strengths to construct and deploy an annual 12GWh semi-solid-state artificial intelligence data center (AIDC) energy storage cell and system integration project within the Jiangsu Xuyi Economic Development Zone. This investment plan will be implemented progressively by the company. The company has clearly positioned itself as a comprehensive energy infrastructure solutions provider for AIDC intelligent computing centers, covering backup power and full-scenario energy storage. Leveraging the group's advanced product technology and differentiated global footprint, it is strategically positioning itself in the high-growth energy storage sector, continuously enhancing its core competitiveness, and solidifying its market position in related fields. The company's new power energy storage business recorded a significant year-on-year revenue increase in 2025, nearly doubling, with market orders remaining robust. To meet rapidly growing market demand, the company has decided to invest in the construction of the 12GWh semi-solid-state AIDC energy storage cell project. This initiative aims to capitalize on market opportunities driven by industry development and policy support, further strengthening the company's market position in AIDC intelligent computing center energy storage applications, and supporting the group's long-term business expansion and sustainable development.
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