Movement Alert｜Guoxia Technology Rises 11.02% in Regular Trading, Subsidiary Hanchu Signs Nordic Energy Storage Partnership with Swedish Rocmore

Market Focus07-08

On July 8, Guoxia Technology rose 11.02% in regular trading, trading at 20.38 HKD/share, with turnover of 107 million HKD, extending its recent strong momentum.

On the news front, the company formally announced it signed a 3-year strategic cooperation framework agreement with Sweden-based Rocmore Energy AB in late June. The partnership combines Guoxia Technology's expertise in energy storage product and system manufacturing with Rocmore's experience in Nordic project implementation, targeting the Nordic region and broader European market. The signing ceremony was completed during the Smarter E Europe exhibition in Munich, Germany, through the company's subsidiary Hanchu.

Additionally, cornerstone investor Huikai Hong Kong Economic Development Co., a state-owned investment platform wholly established by Wuxi Huishan Economic Development Zone, voluntarily extended its lock-up period by 18 months, signaling confidence in the company's long-term value. The stock had surged approximately 28% and 21% in the two preceding trading sessions on the same catalyst.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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