Triumph New Energy (01108) entered into a service contract for package commissioning with an international engineering subsidiary.

Triumph New Energy (01108) announced on November 18, 2024 that its wholly-owned subsidiary Tongcheng New Energy has signed a package commissioning service contract with an international engineering company for the trial production phase of the Guangxi Beihai Dejin New Materials Industrial Park Phase I-A Line project. Under the agreement, the international engineering company has agreed to commission Tongcheng New Energy to provide employee technical training and on-site package commissioning technical services. The announcement stated that the Group's main business includes glass manufacturing, technical glass product manufacturing, and technical services. The Group and the international engineering company aim to carry out project cooperation based on the principles of mutual benefit and common development, utilizing their respective industry advantages to enhance the Group's industry influence. Additionally, the transactions envisaged under the package commissioning service contract can fully leverage the Group's professional technical personnel and production line equipment advantages, bringing certain benefits to the Group.