GUOFUHEE Subsidiary to Supply Full Equipment Suite for 300MW Green Power Project to Client

Stock News05-05

GUOFUHEE (02582) has announced that on May 4, 2026, its indirect wholly-owned subsidiary, Xinjiang Guofu Mingzhi Hydrogen Energy Technology Co., Ltd., entered into a sales agreement to provide a complete set of equipment for a 300MW new energy coupled green power project to independent third-party customer Jiujiang Power Construction (Shaanxi) Co., Ltd. The contract value is RMB 150 million. The execution of this sales agreement not only demonstrates market recognition of the Group's brand value and technical strength but also confirms its practical capabilities in the field of integrated "wind-solar green power - green energy" solutions. The successful signing of the agreement marks a significant step forward for the Group in implementing large-scale projects in Xinjiang and enriches its portfolio of large-scale new energy coupling project implementations. Through this cooperation, the Group further solidifies its market position in green power coupling and comprehensive new energy utilization, accumulating valuable experience for future expansion of similar businesses in Northwest China and other regions. The Board of Directors believes that fulfilling this sales agreement will positively impact the Group's current operating performance and enhance its market influence in the green energy coupling and green chemical industries. The company will actively apply its green energy hydrogen and zero-carbon industrial park technologies, continue to promote the delivery of high-quality projects, and accelerate the industrial application of coupling technologies in the green energy and chemical sectors to contribute to the national "Dual Carbon" goals. Separately, on May 5, 2026, the Group's joint venture, Broaden Energy Hydrogen Solutions L.L.C., entered into a lease agreement with the Abu Dhabi Khalifa Economic Zone to plan and advance the construction of a local manufacturing base for hydrogen equipment and hydrogen-powered drones. The Group will provide key technology and equipment support for this project. The successful progression of this project is expected to significantly enhance the Group's strategic position in the new energy and low-altitude economy sectors in the Middle East and holds great importance for expanding its market presence there. As of the date of this announcement, the Group's order backlog is approximately RMB 560 million. The Group is committed to achieving total orders of RMB 1 billion in 2026.

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