HK Stock Market Move | BRETON (01333) rose nearly 5%, promoting strategic overseas projects in the Democratic Republic of Congo, such as the Vasixi microgrid entering the substantive construction and implementation stage.

BRETON (01333) rose nearly 5%, at the time of drafting, it rose 4.36% to 22 Hong Kong dollars, with a turnover of 27.7173 million Hong Kong dollars. On the news front, on March 5, BRETON announced that its indirect non-wholly owned subsidiary MINIERE VERTE SAS (as the contractor) signed a general contracting agreement for the Kangjura Vaasi Digital Energy Project with STE DE DEVELOPPEMENT DU COMMERCE ET DE CONSTRUCTION (as the contractor) on March 5, 2026. The contractor will be responsible for the civil and installation construction work of this project, with a provisional total contract price of 17.08 million US dollars. This transaction is intended to advance the company's strategic overseas project in the Democratic Republic of Congo - the Vaasi Microgrid Project into the substantive construction and construction phase. This project is the second benchmark project that the company initiated and designed to solve the core energy pain points in certain mining areas of Africa. According to the company's announcement on the completion of the general mandate to issue new H shares on November 24, 2025, about 70% of the funds raised (approximately 168 million Hong Kong dollars) will be used to invest in the development of overseas photovoltaic and energy storage projects by the Development Group, in order to promote the implementation of the company's "photoelectric storage + transportation" integrated strategy. The continued progress of this project is a concrete implementation of the use and strategic direction of the funds, as well as the practical implementation of the company's overall business development strategy of "electric equipment + comprehensive energy" and overseas market expansion plan, aiming to enhance the group's overall solution capability in the field of new energy.