GREEN POWER GP (01870) subsidiary wins land use right in Lechang, Shaoguan, Guangdong for RMB 15.78 million, intends to use it for the construction and development of an energy storage project.

GREEN POWER GP (01870) announced that on September 14, 2026, the Lechang Municipal Natural Resources Bureau issued a confirmation letter dated September 1, 2026 to the Company's indirectly wholly-owned subsidiary, Lechang Green Power Energy Storage Technology Co., Ltd. (the buyer), confirming that the buyer successfully won the bid through a public listing sale bidding process for the land use right of the land located in Shaoguan, Guangdong Province, China, at a consideration of RMB 15.78 million. As a result of the successful bid, the buyer is required to submit an application for a land use right grant contract within five working days from the date of the confirmation letter. The buyer and the authorities are expected to enter into the land use right grant contract within 30 days from the date of the confirmation letter. The land is intended to be used by the Group for the construction and development of the project. The land is a plot located at Hefeng Village, Pingshi Town, Lechang, Shaoguan, Guangdong Province, China, with a site area of approximately 29,115 square meters (plot no. #PS-G 01A-11). The project refers to the energy storage project the Group plans to develop, named "Shaoguan Lechang 218 MW/436 MWh Electrochemical Independent Energy Storage Project." The Group plans to develop the project to seize strategic opportunities in emerging infrastructure sectors against the backdrop of the global energy transition. To advance the project, the Group has bid to acquire the land, and the project will be constructed and developed on the land for operational purposes. The land is adjacent to the 500 kV and 220 kV regional power grids operated by Guangdong Power Grid Co., Ltd., providing strong and stable grid access for the project. It also has sufficient flat land to accommodate large-scale energy storage facilities and can share existing public infrastructure such as water supply, drainage, firefighting, and roads. These supporting facilities help reduce development costs and construction complexity. Given its superior location adjacent to the power grid and surrounding supporting facilities, the Group's management considers the land an ideal site for the Group to develop the project. In addition, Guangdong Province has one of the most developed and market-oriented electricity trading environments in China, and the local governments of Lechang and Pingshi have expressed strong support for the project, making the land an ideal location for the project.