Core Viewpoint - The signing of a memorandum of understanding with CATL marks a significant step for the company into the renewable energy and energy storage sector, representing an important milestone in its diversification strategy [2] Group 1: Partnership Details - The company’s subsidiary, Rongqi New Energy Technology Co., Ltd., has entered into a memorandum of understanding with CATL to collaborate closely in the green energy business [1] - The collaboration will focus on engineering design, procurement, and construction of energy storage systems, aiming to establish a comprehensive network for advanced solutions in global renewable energy applications [1] - Both parties will explore cooperation opportunities in energy storage system integration and solution platforms in the global market [1] Group 2: Company Background - The company is a sizable contractor in Hong Kong engaged in civil, mechanical, and electrical engineering, as well as renewable energy businesses [1] - It undertakes solar photovoltaic projects, distributes various electric commercial vehicles and electric engineering machinery, and constructs charging stations along with maintenance, charging, battery swapping, recycling, and energy storage services [1] - The company holds 70% of the legal and beneficial ownership of Rongqi, which is a significant stake in its subsidiary [1] Group 3: Strategic Importance - The strategic partnership with CATL aligns with the company's development strategy and helps capture substantial market opportunities in the green energy sector [2] - This initiative further solidifies the company's position as a leader in the green infrastructure field [2]