Core Insights - Jiangsu Guofu Hydrogen Energy Technology Equipment Co., Ltd. (Guofu Hydrogen) has signed a partnership with GF HYDROGEN AFRICA to advance the green hydrogen project in Agadir, Morocco [1][3] Company Overview - Guofu Hydrogen specializes in the design, manufacturing, and technical services of hydrogen production, storage, transportation, and application equipment [3] - The company will provide a core product, the residential hydrogen energy storage system, tailored to meet the energy needs of hotels [3] Project Details - GF HYDROGEN AFRICA will leverage local industry resources and market experience to facilitate the project's implementation in the region [3] - The collaboration builds on a previous agreement between Guofu Hydrogen, GF HYDROGEN AFRICA, and Morocco's EHTP Institute to establish a Clean Hydrogen Excellence Center [3] Quality Assurance - The partnership includes a dual quality control mechanism: "factory testing + on-site acceptance" to ensure equipment performance meets project requirements [3] - Equipment must pass rigorous testing before leaving the factory, followed by joint acceptance after installation and debugging [3] Strategic Importance - This signing marks a significant breakthrough for Guofu Hydrogen in the overseas hotel hydrogen application market [3] - The project aims to create a demonstration model for green hydrogen applications in the hotel sector, contributing to Morocco's green hosting needs for the 2030 World Cup [3] - The collaboration is expected to facilitate the transition to a green, low-carbon energy structure in the region and accumulate practical experience for global hydrogen technology cooperation [3]

Core Insights - Jiangsu Guofu Hydrogen Energy Technology Equipment Co., Ltd. (Guofu Hydrogen) has signed a contract with GF HYDROGEN AFRICA to advance the green hydrogen project in Agadir, Morocco, marking a significant step in their collaboration [1][3] Group 1: Project Details - Guofu Hydrogen will provide the core equipment, specifically a residential hydrogen energy storage system, tailored to meet the energy needs of hotels [3] - GF HYDROGEN AFRICA will leverage local industry resources and market experience to facilitate the project's implementation in the region [3] - The partnership builds on previous collaboration, including the establishment of a clean hydrogen excellence center with Morocco's EHTP Institute [3] Group 2: Quality Assurance and Future Prospects - A dual control mechanism of "factory testing + on-site acceptance" will be implemented to ensure equipment quality and project effectiveness [3] - The collaboration aims to create a flexible framework for promoting green hydrogen applications in more hotel scenarios, supporting the scaling of technology [3] Group 3: Strategic Importance - This signing represents a critical breakthrough for Guofu Hydrogen in the overseas hotel hydrogen application market and aims to create a demonstration model for green hydrogen applications in the hotel sector in Morocco and Africa [4] - The project is positioned to contribute to the green hosting requirements for the 2030 World Cup in Morocco, providing a reference for zero-carbon scenarios around the event [4] - Future efforts will focus on closely coordinating project implementation to assist in the transition of the regional energy structure towards green and low-carbon solutions [4]

Core Insights - E Fund has launched its third floating-rate fund, E Fund Industry Select (A/C: 025824/025825), to capture investment opportunities arising from industrial transformation and upgrades [1][2] - The fund will implement a differentiated management fee structure based on the holding period and performance, encouraging long-term investment [1][2] Fund Structure - The fund charges a management fee of 1.2% per year for holdings under one year; for holdings over one year, the fee varies based on annualized excess returns [1] - If annualized returns exceed the benchmark by more than 6%, the fee is 1.50%; if returns lag the benchmark by 3% or more, the fee drops to 0.6% [1] Management Team - The fund will be co-managed by seasoned professionals Qi He and Fang Xincheng, leveraging their complementary skills to capture excess returns [2] - Qi He has 15 years of investment research experience, with a strong focus on manufacturing investments, and has achieved significant performance in his current funds [2] Market Context - The global industrial landscape is undergoing profound changes, with new productive forces emerging in China, presenting rich investment opportunities [2] - E Fund Industry Select aims to select competitive listed companies based on research into industrial policies, cycles, trends, and company fundamentals [2]

Core Viewpoint - E Fund has launched its third floating-rate fund, E Fund Industry Select (A/C: 025824/025825), to help investors capitalize on investment opportunities arising from industrial transformation and upgrade [1][2]. Fund Structure - The fund adopts a floating fee model, charging a management fee of 1.2% per year if the investor holds shares for less than one year. For holdings of one year or more, the management fee varies based on annual excess return: 1.50% if the return exceeds the benchmark by over 6%, 0.6% if it underperforms the benchmark by 3% or more, and 1.2% for other scenarios [1][2]. Management Team - The fund will be co-managed by seasoned professionals Qi He and Fang Xincheng, leveraging their complementary skills to capture excess returns. Qi He has 15 years of investment research experience, focusing on manufacturing investments, with four out of five funds under his management achieving over 50% returns in the past year [2]. Market Context - The global industrial landscape is undergoing significant changes, with new productive forces emerging in China. More Chinese companies are expanding internationally, presenting abundant investment opportunities [2]. Investment Strategy - The fund aims to select listed companies with competitive advantages based on research into industrial policies, cycles, trends, and company financials, striving for sustainable long-term returns for investors [2].

10月16日，易方达产业优选（A/C：025824/025825）发布发售公告，将于10月20日起公开发行。公开资 料显示，这是一只偏股混合型基金，股票资产占基金资产的比例为60%~95%，其中港股通股票不超过 股票资产的50%，拟由老将祁禾和新晋基金经理方鑫宸共同管理。 据了解，该产品采用浮动费率模式，是易方达基金推出的第3只新型浮动费率产品。具体来看，若投资 者持有份额不满一年，按1.2%/年收取管理费；若持有份额达到一年及以上，将根据持有期间的年化超 额收益水平，适用三档不同管理费率。当持有期间年化收益率为正且跑赢业绩比较基准超6%时，管理 费率为1.50%/年；当持有期间年化收益率跑输业绩比较基准3%或更多时，管理费率为0.6%/年；其他情 形下，管理费率为1.2%/年。 自今年5月《推动公募基金高质量发展行动方案》发布以来，易方达等基金公司积极布局新型浮动费率 产品，将管理费率与每笔投资的持有时间、持有回报水平挂钩，通过差异化收费引导长期投资、与投资 者利益共担。 ...

Core Insights - Guofu Hydrogen Energy and China Coal Green Energy Technology have reached a consensus on strategic cooperation for the Ulanqab wind-solar hydrogen integration project, focusing on green hydrogen production and sales [1][2] - The collaboration aims to establish a framework agreement for green hydrogen procurement and sales, with both parties committed to refining cooperation paths and details [1][4] Company Roles and Responsibilities - Guofu Hydrogen Energy specializes in technology research and development, core equipment manufacturing, and providing comprehensive solutions, including green electricity hydrogen production systems and electrolyzers [2][3] - China Coal Green Energy, established by China Coal Energy Group, focuses on renewable energy services, including wind power, solar energy, hydrogen, and energy storage, ensuring stable green electricity supply for the project [2][3] Project Details and Goals - The partnership outlines clear responsibilities: China Coal Green Energy will handle the investment and construction of wind-solar power systems, while Guofu Hydrogen Energy will supply essential equipment and manage green hydrogen sales [3][4] - The annual sales target for green hydrogen is set at 20,000 tons, with the first phase of the hydrogen production facility expected to have a capacity of no less than 10,000 tons [4] - Plans include the construction of a hydrogen liquefaction plant to balance pipeline pressure and reduce transportation costs, enhancing the entire "wind-solar power - green hydrogen production - storage and liquefaction" supply chain [4] Strategic Importance - This collaboration is a significant step for Guofu Hydrogen Energy to expand its green hydrogen supply chain and deepen its full industry chain layout, contributing to Ulanqab's development as a large-scale wind-solar hydrogen demonstration benchmark [4] - The partnership is expected to provide a replicable model for high-quality development in the hydrogen energy industry, aligning with national dual carbon goals [4]

Core Insights - Guofu Hydrogen Energy and China Coal Green Energy Technology have reached a consensus on strategic cooperation for the Ulanqab wind-solar hydrogen integration project, focusing on green hydrogen production and sales [1][2] - The collaboration aims to establish a framework agreement for green hydrogen procurement and sales, with both parties committed to refining cooperation paths and specific matters [1][4] Company Overview - Guofu Hydrogen Energy is a leading enterprise in the hydrogen energy industry, specializing in technology research and development, core equipment manufacturing, and comprehensive solutions [2] - China Coal Green Energy, established by China Coal Energy Group, focuses on renewable energy services, including wind, solar, hydrogen, and energy storage, aligning with national carbon neutrality goals [2][3] Project Details - The cooperation involves clear division of responsibilities: China Coal Green Energy will handle the investment and construction of wind-solar power systems, ensuring stable green electricity supply, while Guofu Hydrogen Energy will supply essential equipment and manage green hydrogen sales [3][4] - The annual sales target for green hydrogen is set at 20,000 tons, with the first phase of the hydrogen production facility expected to have a capacity of no less than 10,000 tons [4] - Plans include the construction of a hydrogen liquefaction plant to balance pipeline pressure and reduce transportation costs, enhancing the entire "wind-solar power - green hydrogen production - storage and liquefaction" supply chain [4] Strategic Importance - This partnership is a significant step for Guofu Hydrogen Energy to expand its green hydrogen supply chain and deepen its full industry chain layout, contributing to Ulanqab's development as a model for large-scale wind-solar hydrogen production [4] - The collaboration is expected to provide a replicable path for high-quality development in the hydrogen energy industry, supporting the national carbon neutrality goals [4]

Core Viewpoint - The company has signed a placement agreement with a placement agent to facilitate the subscription of up to 2.4054 million shares at a price of HKD 48.47 per share, aiming to raise approximately HKD 116.6 million in total funds [1] Group 1: Share Placement Details - The shares being placed represent about 2.79% of the enlarged issued H shares and approximately 2.16% of the total issued shares [1] - If all placement shares are sold, the expected total funds raised will be around HKD 116.6 million, with a net amount of approximately HKD 113.3 million [1] Group 2: Use of Proceeds - Approximately 50% of the net proceeds will be allocated for financing investments and collaborations in hydrogen energy projects in China and overseas [1] - About 40% will be used for working capital and general corporate purposes to support the company's operations and growth, including but not limited to salaries, social security, provident fund, supplier payments, and other operating expenses [1] - Approximately 10% will be used to repay outstanding amounts under existing credit financing [1]

Core Viewpoint - Jiangsu Guofu Hydrogen Energy announced a fundraising through the placement of new H-shares, raising approximately HKD 120 million, with net proceeds of about HKD 110 million after expenses [1] Group 1: Fundraising Details - The company plans to issue 2,405,400 shares, approximately 0.2 million shares, at a placement price of HKD 48.47, which represents a discount of about 17.0% compared to the last trading day's closing price of HKD 58.40 [1] - The placement price also reflects a discount of approximately 15.4% compared to the average closing price of HKD 57.26 over the past five trading days [1] - The newly issued shares will account for about 2.21% of the existing issued share capital and approximately 2.16% of the enlarged share capital upon completion [1] Group 2: Use of Proceeds - Approximately 50% of the funds raised will be allocated to financing investments and collaborations for hydrogen energy projects in China and overseas [1] - About 40% of the proceeds will be used for working capital and general corporate purposes [1] - The remaining 10% will be utilized to repay outstanding amounts under existing credit financing [1] Group 3: Company Background - Jiangsu Guofu Hydrogen Energy is recognized as a leading manufacturer of hydrogen energy storage and transportation equipment, involved in the research and development of core equipment across the entire hydrogen energy industry chain [1]

Core Viewpoint - Guofu Hydrogen Energy (02582) has announced a placement agreement to issue up to 2.4054 million shares at a price of HKD 48.47 per share, aiming to raise approximately HKD 116.6 million in total proceeds [1] Group 1: Placement Details - The placement shares represent approximately 2.79% of the enlarged issued H shares and about 2.16% of the total issued shares after the placement [1] - The estimated net proceeds from the placement are expected to be around HKD 113.3 million, with a net placement price of approximately HKD 47.12 per share after deducting expenses [1] Group 2: Use of Proceeds - Approximately 50% of the net proceeds will be allocated for financing investments and collaborations in hydrogen energy projects in China and overseas [1] - About 40% of the net proceeds will be used for working capital and general corporate purposes, including employee-related expenses and payments to suppliers [1] - Approximately 10% of the net proceeds will be used to repay outstanding amounts under existing credit financing [1]