CN ANCHU ENERGY (02399) Signs MOU with Shenzhen Yuanxin for Japanese Energy Storage Projects, Initial Phase Includes 6 Projects to Accelerate Global Expansion

Stock News04-16

CN ANCHU ENERGY (02399) announced that on April 16, 2026, the company and Shenzhen Yuanxin Energy Storage Technology Co., Ltd. have entered into a non-binding memorandum of understanding regarding potential cooperation in the investment, development, management, and operation of various energy storage projects in Japan. Both parties will also explore various potential methods to further enhance the value of these projects, such as the securitization of underlying assets. Shenzhen Yuanxin is a globally leading integrated energy storage system solutions provider, dedicated to empowering high-quality energy storage assets worldwide and offering full lifecycle solutions covering all key stages of energy storage projects. The potential cooperation is expected to cover 6 energy storage projects located in Japan during the initial phase. The potential collaboration aims to enable the group to develop its energy storage business in other countries, thereby expanding its energy storage business footprint.

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