Zhejiang Express (00576) intends to invest 226 million yuan to acquire 11.67% equity stake in Zhejiang Jiaotou Zhongtan Environmental Technology.

Zhejiang Express (00576) announced on December 31, 2025, that the company has signed an investment agreement with the target company (Zhejiang Carbon Environment Technology Co., Ltd.) and the Commercial Group (Zhejiang Commercial Group Co., Ltd.) to invest RMB 226 million to acquire 11.6733% of the target company's expanded registered capital. After the completion of the investment agreement, the company will hold 11.6733% equity of the target company, and the target company will not become a subsidiary of the company. The target company is a digital integrated energy service provider, connecting CECEP Solar Energy generation, grid, energy storage, and flexible load into an intelligent ecosystem. Its strategic focus is on integrated energy services and new energy asset investment, with a focus on distributed photovoltaics on industrial and residential roofs, electric vehicle charging networks, and energy storage systems that enhance efficiency and value. The target company aims to build low-carbon demonstration projects for high-value scenarios such as transportation hubs and industrial parks, and provide stable and scalable returns through long-term service contracts, energy-as-a-service models, and virtual power plant platforms. Looking ahead, the national decarbonization policy, rapid proliferation of new energy vehicles, and integration of energy storage and power market reforms create a strong tailwind, while the target company mitigates market price fluctuations through on-site consumption, intelligent scheduling, and the synergistic effects of "solar storage charging." This investment closely aligns with national strategies, integrating clean energy solutions into transportation scenarios to directly cultivate new green growth momentum, accelerate the company's green and low-carbon transformation, and enhance its ESG performance and policy responsiveness. With the support of the transportation group, a clear growth visibility, resilient cash flow characteristics, and advantages in execution, digital operations, and risk control, the target company has a balanced combination of proven project pipelines, scenario traffic, and proprietary and partnership models. Through this investment, the group also expects to strengthen its capital market strategy by exploring green energy assets, growth prospects, and investor recognition. The signing of the investment agreement will allow the group to immediately enter and rapidly expand in the high-growth green energy sector, diversify its income with flexible cash flows, and generate operational synergies with existing transportation assets, thereby enhancing long-term value creation.