BRETON (01333) subsidiary enters into a general contract for the construction of the Gansu Ruwaxi Digital Energy Project for a total investment of approximately 17.08 million US dollars.
Boughton (01333) announced that its indirect non-wholly owned subsidiary, MINIERE VERTE SAS (as the employer), entered into a EPC (Engineering, Procurement, and Construction) contract for the Guchuan Ruwasi Digital Energy Project with STE DE DEVELOPPEMENT DU COMMERCE ET DE CONSTRUCTION (as the contractor) on March 5, 2026. Under this contract, the contractor will be responsible for the civil and installation construction works of the project, with a provisional contract total price of $17.08 million.
BRETON (01333) announced that its indirect non-wholly owned subsidiary, MINIERE VERTE SAS (as the employer), entered into a contract for the construction of the Kinshasa-Wasi Digital Energy Project with STE DE DEVELOPPEMENT DU COMMERCE ET DE CONSTRUCTION (as the contractor) on March 5, 2026. Under this contract, the contractor will be responsible for the civil and installation construction work of the project, with a provisional contract price of 17.08 million USD.
This transaction aims to advance the company's strategic overseas project in the Democratic Republic of Congo - the Wasi Microgrid Project, into the substantive construction and construction phase. This project is the second landmark project initiated and designed by the company to address the core energy pain points of certain mining areas in Africa. According to the announcement of completion of general mandate to issue new H shares on November 24, 2025, approximately 70% of the proceeds from the issuance (about 168 million HKD) will be used to invest in overseas photovoltaic and energy storage projects by the development group, in order to drive the implementation of the company's "solar + storage + transportation" integrated strategy. The continued advancement of this project is a specific implementation of the use of funds and strategic direction, as well as the practical implementation of the company's overall business development strategy of "electric equipment + integrated energy" and overseas market expansion plan, aimed at enhancing the group's overall solution capabilities in the field of new energy. The successful implementation of this project is of great strategic significance for the group to expand overseas new energy markets and optimize its business layout. Currently, the company has completed the design and equipment procurement stages of the project and is orderly advancing the construction work.
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