CCIAM FUTURE EN(00145) subsidiary intends to cooperate with partner company on Guinea photovoltaic project and related trade matters.
Sinenergy (00145) announces that on December 18, 2025, its wholly-owned subsidiary Sinenergy Engineering (China) Limited (Sinenergy Engineering) entered into a framework agreement with a company registered in China (Partner Company). Under this agreement, the contracting parties agreed to cooperate on a photovoltaic solar power generation project (Guinea Photovoltaic Project) and related trade matters in a mining area operated by a Chinese company in Guinea.
CCIAM FUTURE EN (00145) Announcement, on December 18, 2025, the fully-owned subsidiary of the company, CCEP Engineering (China) Co., Ltd. (CCEP Engineering) entered into a framework agreement with a company registered in China (Partner Company). According to this, the contracting parties of the framework agreement agree to cooperate on a photovoltaic CECEP Solar Energy generation project in a mining area operated by a Chinese company in Guinea (Guinea Photovoltaic Project) and related trade matters.
The Partner Company agrees that CCEP Engineering will establish a dedicated project operations company responsible for operating the Guinea Photovoltaic Project and will sign a special cooperation contract with Xinjiang Lixin Energy. The project company will be responsible for the overall planning, design, selection of engineering contractors, procurement of related equipment for the Guinea Photovoltaic Project, and act as the financing agent for the project, seeking necessary construction funds from third parties in the market, including effectively financing the project with the listing status of the CCEP Engineering parent company.
The contracting parties agree that after the completion of the Guinea Photovoltaic Project, CCEP Engineering or a designated company shall be responsible for the operation, management, maintenance, and ensuring the normal supply of photovoltaic CECEP Solar Energy generation for the project. A service fee of 1.5% of the total investment amount will be charged annually. The total investment amount of the Guinea Photovoltaic Project is preliminarily estimated to be approximately RMB 4 billion (subject to actual investment expenditure), with capital investment of about RMB 1.3 billion, and financing will be carried out according to the framework agreement.
The contracting parties agree that CCEP Engineering or a designated third-party company shall cooperate with the Partner Company in international trade negotiations on bauxite ore, assist in handling international letters of credit, and arrange logistics and transportation services.
The Partner Company is a company registered in China primarily engaged in investment and industrial development. According to the framework agreement, the Partner Company is the major shareholder of a large bauxite project in Guinea (also the sole authorized representative in China). The group is committed to providing innovative and sustainable solutions to help customers improve energy efficiency and reduce carbon emissions. The directors believe that the cooperation under the framework agreement allows the group to apply its accumulated experience in energy-saving solutions, aligning with the company's business strategy and serving the overall interests of the company and its shareholders.
In addition, the group expects a rapid increase in the number of electric vehicles, increasing the demand for electric vehicle charging stations in Hong Kong, China. This trend will benefit the group's electric vehicle charging business. High-speed electric vehicle charging stations have recently started testing operation. This charging station can serve multiple electric taxis and private cars at the same time. This marks further development in the group's electric vehicle charging business under the energy saving segment. The company will continue to monitor market conditions and may consider further developing this business as appropriate.
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