HXTL Subsidiary Secures Solar Thermal Project in Qinghai

Stock News07-21

HXTL (SEHK: 01085) announced that its indirect non-wholly owned subsidiary, Zhejiang Zhongguang New Energy Technology Co., Ltd., has recently received a Notification of Successful Bid from the Qinghai Provincial Development and Reform Commission.

The notification confirms the subsidiary's successful bid for a batch of independent solar thermal projects scheduled for 2026.

The project is located in the Haixi Mongol and Tibetan Autonomous Prefecture of Qinghai Province.

The construction timeline requires commencement before the end of December 2026 and completion with grid connection by the end of December 2028.

The board of directors believes this successful bid recognizes the group's technical capabilities in the concentrated solar power sector.

It is expected to further enhance the group's market competitiveness and sustainable development capacity in this field, benefiting its long-term profitability and strategic positioning.

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