CN ANCHU ENERGY (02399) and Guo Heng have signed a memorandum of understanding to further invest in and participate in energy-related projects.

CN ANCHU ENERGY (02399) announced that the company has entered into a non-legally binding memorandum of understanding with Guo Heng Group Pte. Ltd. (Guo Heng) regarding a strategic cooperation (potential cooperation). This cooperation may involve Guo Heng subscribing for the company's new shares or other securities allowed under the Listing Rules of The Stock Exchange of Hong Kong Limited, with the purpose of further investing and participating in the company's energy-related projects, such as the development of new energy power plants and the research and development of energy storage technologies. According to the information provided by Guo Heng, the Guo Heng Group is an international commercial enterprise with diversified businesses including investments, real estate, mining, new energy, and internet technologies.