Financing agreement signed for CIMC-Hexagon joint venture

Core Insights - Hexagon Purus ASA has entered into a financing agreement with CIMC Hydrogen Energy Technology LTD to enhance its joint venture in China, allowing CIMC Enric to increase its ownership share while minimizing Hexagon Purus' cash outflow [2][3] - The Chinese market is crucial for Hexagon Purus, being the largest global market for hydrogen-related mobility and infrastructure solutions, and the joint venture is adapting its operational model to meet current market conditions [3] Financing Agreement - CIMC Enric will provide funding for the joint venture in 2026 in exchange for a higher ownership share, which aims to reduce Hexagon Purus' cash outflow while maintaining operations in China [2] - Hexagon Purus retains the right to restore its original ownership level in the future, indicating a strategic approach to capital efficiency [2] Market Strategy - The joint venture is focused on securing certification for the Chinese market and has agreed to simplify its structure to enhance cost efficiency, execution speed, and competitiveness [3] - The operational adjustments are part of Hexagon Purus' ongoing business portfolio review, emphasizing the importance of the Chinese market for the company's growth [3]