SANVO CHEMICALS (00301) has entered into a strategic partnership agreement with Green Circle.

SANVO CHEMICALS (00301) announced that on September 4, 2026, the company entered into a strategic partnership agreement (the Partnership Agreement) with Green Circle Decarbonize Technology Limited (Green Circle). Under the Partnership Agreement, the group has been appointed as the exclusive supplier and manufacturer for Green Circle's BocaPCM-TES Panels for large-scale production in the People's Republic of China (China). The company has been examining various opportunities with the aim of diversifying its business. The global market for energy-saving products is extremely large, primarily due to strong demand, and the board believes that the demand for energy consumption will continue to grow in the future. It is anticipated that this collaboration can bring mutual strategic advantages to both parties by combining the group's operational flexibility and manufacturing capabilities with GCDT's award-winning energy-saving solutions, creating significant cross-industry synergies. As the exclusive manufacturing partner, the group is fully responsible for production, allowing Green Circle's management to focus on research and development, product design, and market expansion. Furthermore, the Partnership Agreement outlines the framework for the intended cooperation under the partnership and further advances the collaboration that the parties aim to establish. The operational synergies between the groups material manufacturing platform and Green Circle's technology can reduce indirect costs, supply chain bottlenecks, and costs related to operational risks. This move will accelerate the time to market for BocaPCM-TES Panels and enable rapid scaling of production to meet the urgent market demand in advance. After considering the above factors, the board believes that entering into the Partnership Agreement is in the overall best interests of the company and its shareholders.