TRENDZON HLDG (01865) intends to diversify its services and expand its business portfolio.

TRENDZON HLDG (01865) announced that the group plans to diversify its services and expand its business portfolio. The acquisition of Xinjiang will help the group develop its energy and smart manufacturing businesses, strengthen its presence in the energy and smart manufacturing sectors, and become a key player in the clean energy market. The board believes that the new business will significantly advance the group's strategic initiatives in the energy and smart manufacturing fields, enhancing its capabilities in clean energy and positioning it as a leader in sustainable energy solutions. By integrating Xinjiang's technology and expertise, the group will effectively expand its portfolio of renewable energy projects, including solar, wind, and innovative energy storage systems. The group has successfully obtained the Guangdong Province Enterprise Investment Project Filing Certificate, demonstrating its commitment to regulatory compliance and facilitating the efficient implementation of these initiatives. Furthermore, the development of high-efficiency energy solutions such as the 100MW/600MWh dam-free pumped storage power station demonstrates the group's commitment to addressing current and future energy demands. The diversified business scope of the group will help establish a comprehensive business structure and effectively drive the group's business development in the People's Republic of China, seizing market opportunities. The board believes that the new business will expand the group's revenue sources, align with the overall interests of the company and its shareholders, and ultimately bring positive returns to the group.