GCL NEWENERGY (00451) Plans to Form Joint Venture with AntChain Inc. for Overseas Asset Services Expansion

Stock News05-28

GCL NEWENERGY (00451) announced that on May 28, 2026, the company entered into a term sheet with AntChain Inc. to establish a joint venture in the Cayman Islands. According to the terms, AntChain Inc. and the Group intend to invest RMB 12 million and RMB 8 million, respectively, through their respective affiliates or designated entities, aiming to hold 60% and 40% equity stakes in the joint venture. The joint venture will focus on providing comprehensive, intelligent asset management and operational services throughout the entire lifecycle for global energy and computing power assets outside mainland China. AntChain Inc. is a leading innovator in cutting-edge technologies such as artificial intelligence and blockchain. This collaboration represents a strategic choice for both parties to leverage their complementary strengths and achieve synergistic development. By pooling their core resources, they aim to build an integrated ecosystem for AI-powered, trusted asset management and operational services targeting overseas markets. This initiative is crucial for the Group's overseas business expansion, the deepening of its global strategic layout, and the enhancement of its long-term value.

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