HK Stock Market Move | BRETON (01333) rises over 6%; recently intends to establish a long-term cooperative relationship with Innoi in areas such as electric mining truck sales agency.

BRETON (01333) rose over 6%, up 4.93% as of press time, at HK$13.63, with a turnover of HK$16.544 million. On the news front, BRETON issued an announcement that the Company recently entered into a letter of intent for cooperation (the "Letter of Intent") with INHOYI INVESTMENTS (PRIVATE) LIMITED ("Inhoyi"). Accordingly, the Company and Inhoyi (collectively, the "Parties", each a "Party") intend to establish a long-term cooperative relationship in the fields of electric mining truck sales agency and mining equipment investment and operation. The Letter of Intent will expire on September 26, 2036. The Company intends to carry out, as appropriate, the design, procurement, construction, and operation of solar and energy storage equipment (30MWp photovoltaic + 60MWh energy storage) and the selection and procurement of mining equipment; and after the equipment is completed or procured, the Company or its affiliates will, as appropriate, sell the subject equipment to Inhoyi and provide long-term operation and maintenance services. The Parties intend that, after the investment in the subject equipment is completed and the mining area project generates sales revenue, Inhoyi will share with the Company the profits from the mining area project to which Inhoyi is entitled.