Group 1 - TL NATURAL GAS has entered into a joint venture agreement with Huate Power and Jiuyue Investment Holdings to establish a joint enterprise, which will be owned 51% by TL NATURAL GAS, 24.5% by Huate Power, and 24.5% by Jiuyue Investment Holdings after the completion of capital increase [1] - The joint enterprise will primarily manage and operate off-grid power supply systems using methanol hydrogen fuel cells and liquid-cooled supercharging stations developed and deployed by Shenzhen Supercomputing Power Technology in China [1] - The joint enterprise has already been registered according to the joint venture agreement and will establish a wholly foreign-owned enterprise in Shenzhen, China, with a registered capital of RMB 5 million [1] Group 2 - The joint venture will issue a total of 2.94 million shares, with Huate Power and Jiuyue Investment Holdings subscribing to 1.47 million shares each, contributing HKD 1.47 million [1] - The board believes that the electricity charging market has favorable development prospects, and the establishment of the joint venture will allow the group to leverage the resources of Huate Power and Jiuyue Investment Holdings to enter this market [1] - Huate Power is recognized as a mature participant in the electricity charging market, possessing extensive experience, expertise, and outstanding performance in managing and operating methanol hydrogen fuel cell off-grid power supply systems and liquid-cooled supercharging stations in China [1]

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]

Core Viewpoint - TL NATURALGAS has entered into a memorandum of understanding with Huate Power (China) Co., Ltd. and Taxiang to establish a joint venture focused on the management and operation of off-grid methanol hydrogen fuel cell power supply systems and liquid-cooled supercharging stations across the country [1] Group 1 - The joint venture will be owned 51% by TL NATURALGAS, 24.5% by Huate Power, and 24.5% by Taxiang [1] - The collaboration involves the development and deployment of projects already in operation and under construction by Shenzhen Supercomputing Power Digital Technology Co., Ltd. and Huate Power [1]

Core Viewpoint - TL Natural Gas (08536) has entered into a memorandum of understanding with Huate Power (China) Co., Ltd. and Taxiang to establish a joint venture focused on managing and operating off-grid methanol hydrogen fuel cell power systems and liquid-cooled supercharging stations across 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 Taxiang [1] - The joint venture aims to collaborate on projects developed by Shenzhen Supercomputing Power Digital Technology Co., Ltd. and Huate Power, including both operational and under-construction projects [1] Group 2: Strategic Implications - The establishment of the joint venture is expected to allow TL Natural Gas to enter the electricity charging market, potentially generating additional revenue for the company [1] - The company primarily engages in the sale of compressed natural gas and liquefied natural gas, along with providing transportation services [1]