CH CASTSON 81 (00810) announced that on September 1, 2025, the company's indirect wholly-owned subsidiary Yinwei International Limited (the subscriber) entered into a memorandum of understanding with Guangzhou Heyue New Energy Technology Co., Ltd. (the target company) regarding a potential investment to acquire equity interests in the target company.
The target company is a limited liability company incorporated in China. Its principal business involves providing high-quality comprehensive new energy solutions, focusing on investment, construction and operation in the new energy sector including solar power, inverters, energy storage, charging stations, microgrids and hydrogen energy.
Solar power represents an inevitable trend in global energy industry development and industrial structure transformation, often referred to as the "third industrial revolution." As one of the world's largest energy consumers, China has incorporated "solar poverty alleviation & distributed solar power" into its economic strategy, actively promoting the development of distributed solar power from a policy perspective.
The announcement stated that the target company will bring valuable investment opportunities to the company.
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