GUOFUHEE (02582) signs a $6.2 million hydrogen production system sales agreement with affiliate company GF Hydrogen Africa Sarl.

GUOFUHEE (02582) announces that on April 6, 2026, the Company entered into a sales agreement (Sales Agreement A) with its joint venture company GFHydrogenAfricaSarl to provide a 20MW hydrogen production system for a consideration of $6.2 million USD. On March 30, 2026, the Company also entered into a sales agreement (Sales Agreement B) with the independent third party Guangdong Yuntao Hydrogen Energy Technology Co., Ltd. (Yuntao) to provide no less than five hydrogen refueling stations and related installation services for RMB 32.05 million. Morocco is the most important market for green hydrogen energy in Africa and is of great significance for the Company's international layout. Prior to signing Sales Agreement A, the Company had already delivered a hydrogen production system for research and teaching purposes to Morocco as the first Chinese manufacturer, receiving local market recognition. The signing of Sales Agreement A will help promote demonstrations of large-scale applications, with the green hydrogen energy produced being supplied to local customers. The signing of Sales Agreement A will have a positive demonstration effect on the Company's expansion in the African market and the planned 1GW local manufacturing capacity. Through the signing of Sales Agreement B, the Company and Yuntao will connect the equipment manufacturing capabilities of the Yangtze River Delta with the policy support and end-market of the Pearl River Delta, promoting the cross-regional synergy development of the two major hydrogen energy industrial clusters and boosting the vibrant development of the Guangdong-Hong Kong-Macao Greater Bay Area hydrogen corridor. The cooperation between the Company and Yuntao has formed a synergistic model of "Guofu provides infrastructure equipment + Yuntao provides end-application systems", connecting the entire technological chain from hydrogen storage and transportation to vehicle applications. The signing of Sales Agreement B is not only about the expansion of the Company's single business, but also involves strategic moves of vertical integration in the industrial chain and cross-regional market linkage. Its significance is not limited to the five hydrogen refueling stations themselves, but also marks the Company's business transformation from "single breakthroughs" to "systematic ecological construction". The Board believes that these sales agreements and the transactions proposed will have a positive impact on the Company's operating performance.