HANS GP HLDGS (00554) and its subsidiaries have entered into a framework agreement for hydrogen supply cooperation with Juzhengyuan Hydrogen Energy.

HANS GP Holdings (00554) announced that on January 15, 2025, the company, its subsidiary Citybus Limited (Citybus), and Giant Hydrogen Energy Technology Limited (Giant Hydrogen Energy) have entered into a framework agreement for hydrogen supply cooperation to promote hydrogen transportation and supply in Hong Kong. According to the framework agreement, Giant Hydrogen Energy has committed to supply no less than 5 tons of hydrogen per day to the company and Citybus, at a factory price not higher than the guaranteed price for domestic users in the People's Republic of China. Giant Hydrogen Energy also promises to expand hydrogen production capacity as needed based on the company and Citybus's usage growth to ensure supply.