Group 1 - The company, KS ORKA Renewables Pte Ltd, has signed a joint venture letter of intent with Hungarian company BölényZrt to establish a joint venture aimed at advancing geothermal power projects in Hungary [1] - The initial focus of the joint venture will be to upgrade existing geothermal power plants in Hungary to increase their net power generation capacity to 6.5 MW and to develop, construct, and operate a geothermal power plant with a total installed capacity of 104 MW, depending on reservoir conditions [1] - Bölény is in the process of establishing a mixed fund with an official background focused on the energy sector, which will become a shareholder in the joint venture upon its formation [1] Group 2 - The registered capital for the proposed joint venture is 5 million forints (approximately 107,500 RMB), with KS ORKA holding 45%, BEF (or Bölény) holding 45%, AAPRIL Kft holding 4%, and other foreign individual shareholders holding a combined 6% [2]

Core Viewpoint - The company, KS ORKA Renewables Pte Ltd, has signed a joint venture letter of intent with Hungarian company BölényZrt to establish a joint venture aimed at advancing geothermal power projects in Hungary [1] Group 1: Joint Venture Details - The joint venture will focus on upgrading existing geothermal power stations in Hungary to increase their net power generation capacity to 6.5 MW [1] - The joint venture plans to develop, construct, and operate a geothermal power station with a total installed capacity of 104 MW, contingent on reservoir conditions [1] - Bölény is in the process of establishing a mixed fund with an official background focused on the energy sector, which will become a shareholder in the joint venture [1] Group 2: Financial Structure - The registered capital for the joint venture is set at 5 million Hungarian Forints, approximately 107,500 RMB [2] - KS ORKA will hold a 45% stake in the joint venture, while BEF (or Bölény) will also hold 45%, AAPRIL Kft will hold 4%, and other foreign individual shareholders will collectively hold 6% [2]

Core Viewpoint - The company, through its wholly-owned subsidiary KSORKA Renewables Pte Ltd, has signed a joint venture letter of intent with Hungarian company Bölény Zrt and other partners to establish a joint venture aimed at advancing geothermal power projects in Hungary [1] Group 1: Joint Venture Details - The joint venture will focus on upgrading the existing geothermal power station in Hungary to increase its net power generation capacity to 6.5 MW [1] - The joint venture plans to develop, construct, and operate a geothermal power station with a total installed capacity of 104 MW, contingent on reservoir conditions [1] - Bölény is in the process of establishing a mixed fund with official backing, which will become a shareholder in the joint venture upon its formation [1] Group 2: Financial Structure - The registered capital for the proposed joint venture is set at 5 million Forints (approximately 107,500 RMB) [2] - KS ORKA will hold a 45% stake in the joint venture, while BEF (or Bölény) will also hold 45%, AAPRIL Kft will hold 4%, and individual foreign shareholders will collectively hold 6% [2]