AI Energy Engineering Holdings Limited (stock code: 01751, “AI ENERGY ENG”) has reported an advance to a third party under Listing Rule 13.13 after its wholly-owned subsidiary, Guangdong Fengxin Water Conservancy and Hydropower Engineering Co., Ltd., remitted a RMB11.75 million (approximately HK$13.26 million) performance bond to Shenzhen Shengshi Environmental Technology Co., Ltd. on 16 March 2026.
The payment secures a design, procurement and construction contract dated 7 January 2026 for an exhaust-gas power generation facility at Zhurihe Industrial Park, Sonid Right Banner, Xilingol League, Inner Mongolia. Total contract value stands at RMB78.30 million, tax inclusive.
Under the agreement, the construction contract becomes effective only after written confirmation of full receipt of the performance bond. The bond is unsecured, interest-free and carries no collateral; it is refundable in full either within five working days after the project site receives Guangdong Fengxin’s generator equipment or within six months of Shenzhen Shengshi’s receipt, whichever is earlier.
Because the RMB11.75 million advance exceeds 8 % of the Group’s total assets as at 30 June 2025 (the date of the latest published interim financial statements), disclosure was mandatory. The Board states that the contract terms are arm’s-length and in the ordinary course of business.
Shenzhen Shengshi, principally engaged in environmental engineering and technology services, is confirmed as an independent third party. AI ENERGY ENG will make further announcements in accordance with Listing Rule 13.20 should the circumstances continue at the next interim or annual period end.
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