Core Viewpoint - TL Natural Gas has entered into a joint venture agreement with Huate Power and Jiuyuan Investment Holdings to establish a joint venture focused on managing and operating methanol hydrogen fuel cell off-grid power systems and liquid-cooled supercharging stations in China [1] Group 1: Joint Venture Details - The joint venture will be owned 51% by TL Natural Gas, 24.5% by Huate Power, and 24.5% by Jiuyuan Investment Holdings [1] - The joint venture has been registered and is fully owned by TL Natural Gas indirectly [1] - The registered capital for the foreign-owned enterprise in Shenzhen will be RMB 5 million [1] Group 2: Financial Contributions - Huate Power and Jiuyuan Investment Holdings will collectively subscribe to 2.94 million shares of the joint venture, with each contributing HKD 1.47 million [1] Group 3: Market Outlook - The board believes that the electricity charging market has favorable development prospects [1] - The establishment of the joint venture will allow the company to leverage the resources of Huate Power and Jiuyuan Investment Holdings to enter the electricity charging market [1] - Huate Power is recognized as a mature participant in the electricity charging market, possessing extensive experience and expertise in managing and operating methanol hydrogen fuel cell off-grid power systems and liquid-cooled supercharging stations [1]
TL NATURAL GAS与华特动力及九域投资控股订立合营协议 拟进军电力收费市场