GCL New Energy Signs Non-Binding Term Sheet to Establish Cayman JV with AntChain, Injecting RMB8.00 Million for 40% Stake

Bulletin Express05-28

GCL New Energy announced on 28 May 2026 that it has entered into a non-legally binding Joint Venture Term Sheet with AntChain Inc. to create a Cayman Islands-registered joint venture devoted to intelligent asset management and operations for global energy and computing-power assets outside mainland China.

Under the term sheet, AntChain plans to invest RMB12.00 million for a 60% equity stake, while GCL New Energy will contribute RMB8.00 million for the remaining 40%. Final investment amounts and detailed terms remain subject to negotiation and a definitive agreement.

The proposed partnership seeks to combine AntChain’s artificial-intelligence and blockchain capabilities with GCL New Energy’s established expertise in operating and maintaining new-energy power plants and energy-storage facilities. Management emphasized that the collaboration aligns with GCL New Energy’s overseas expansion strategy and the broader industry trend toward digital transformation and green-finance solutions.

The board stated that the transaction is in the interests of the company and its shareholders but cautioned that no binding agreement has yet been signed. GCL New Energy will issue further announcements in accordance with Hong Kong Stock Exchange requirements as negotiations progress.

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