The Stock Exchange of Hong Kong Limited and the Securities and Futures Commission take no responsibility for the contents of this Application Proof, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this Application Proof. Application Proof of Qingdao TGOOD Electric Co., Ltd. 青島特銳德電氣股份有限公司 (A joint stock company incorporated in the People's Republic of Chin ...

Core Insights - Blink Charging Co. has launched the first phase of accepting cryptocurrency payments at select DC fast charging stations across the United States, enhancing flexibility and convenience for EV drivers [1][2]. Group 1: Cryptocurrency Payment Feature - The new payment feature allows EV drivers to pay for charging sessions using USD Coin (USDC) on major blockchain networks such as Ethereum, Arbitrum, Polygon, and Base [2]. - Blink aims to provide innovative solutions that improve the charging experience and meet the growing demand for digital asset payment options among consumers [2][3]. Group 2: Market Trends and Consumer Behavior - Consumer research indicates an increasing acceptance of cryptocurrency for everyday purchases, with a Motley Fool survey revealing that 50% of adults would consider using stablecoins, rising to 71% among Gen Z and 60% among millennials [3]. Group 3: Company Overview - Blink Charging Co. is a global leader in EV charging equipment and services, facilitating the transition to electric transportation through its Blink Network and proprietary cloud-based software [4]. - The company has established strategic partnerships to expand its charging solutions across various locations, including parking facilities, residential areas, workplaces, and more [4].

Core Viewpoint - Blink Charging Co. has announced a public offering of 26,666,666 shares at a price of $0.75 per share, aiming to raise approximately $20 million to fund capital expenditures and support working capital [1][3]. Group 1: Offering Details - The public offering is expected to close on or about December 12, 2025, pending customary closing conditions [1]. - H.C. Wainwright & Co. and Roth Capital Partners are the exclusive co-placement agents for the offering [2]. - The gross proceeds from the offering are anticipated to be around $20 million before deducting fees and expenses [3]. Group 2: Use of Proceeds - The net proceeds from the offering will primarily be used to expand the company's owned and operated DC Fast Charging network [3]. - Additional funds will support the company's working capital and general corporate requirements [3]. Group 3: Company Overview - Blink Charging Co. is a leader in electric vehicle charging equipment and services, facilitating the transition to electric transportation through innovative solutions [6]. - The company's offerings include EV charging networks, equipment, and services, utilizing proprietary cloud-based software for operation and maintenance [6]. - Blink Charging has established strategic partnerships for deploying charging solutions across various locations, including parking facilities, workplaces, and transportation hubs [6].

Core Insights - Blink Charging Co. reported a total revenue of $27.0 million for Q3 2025, reflecting a 7.3% year-over-year increase, driven by a significant growth in service revenues [9][11][19] - The company achieved a gross margin of 35.8% in Q3 2025, slightly down from 36.2% in Q3 2024, while service revenues grew by 35.5% year-over-year to $11.9 million [3][13][19] - Blink is transitioning to contract manufacturing as part of its BlinkForward strategy, aiming to enhance operational efficiency and reduce costs [4][5][6] Financial Performance - Total revenues for the first three quarters of 2025 were reported at $76.5 million, down from $96.0 million in the same period of 2024 [9][10] - Product revenues in Q3 2025 were $13.0 million, a decrease from $13.4 million in Q3 2024, while service revenues for the first three quarters of 2025 reached $34.2 million, up 36.9% from $25.0 million in 2024 [10][12] - Operating expenses in Q3 2025 were reduced by 26% year-over-year, totaling $9.9 million, compared to $97.3 million in Q3 2024 [16][17][18] Strategic Initiatives - The company has initiated a transition to contract manufacturing to focus on core strengths and improve scalability, while maintaining control over hardware and firmware design [4][5][6] - Blink's management has eliminated approximately $13 million in annualized operating expenses, exceeding initial expectations set by the BlinkForward initiative [7] - The company is on track to launch its Shasta L2 Charger and integrate crypto payment options by year-end [4][6] Outlook - Blink expects continued sequential revenue growth in the second half of 2025, with positive trends anticipated to carry into Q4 [8] - The company is focused on aligning expenditures with strategic priorities to ensure sustainable, long-term growth [7][8]

Core Insights - Blink Charging Co. is transitioning to contract manufacturing for its EV charging hardware to enhance operational efficiency and scalability [1][2] - This strategic shift is part of the BlinkForward initiative aimed at driving profitability and focusing on innovation and service expansion [2][3] - The company retains full ownership of its intellectual property and oversees all product design, quality assurance, and technology integration [3] Production Model Transition - The transition to contract manufacturing is expected to be completed by early 2026, positioning the company for the next phase of EV charging innovation [4] - Blink is collaborating with multiple manufacturing partners in the United States and India to ensure geographic diversification and supply-chain resilience [3] Company Overview - Blink Charging is a global leader in EV charging equipment and services, providing innovative solutions for drivers, hosts, and fleets [4] - The company's product offerings include the Blink Network, EV charging equipment, and associated services, utilizing proprietary cloud-based software for operation and maintenance [4]

Core Insights - Blink Charging Co. has been selected as the electric vehicle (EV) collaborator for Karbon Homes, a social housing provider managing approximately 34,000 homes in Northeast England and Yorkshire [1][2] Group 1: Blink Charging Co. - Blink Charging is a global leader in EV charging equipment and services, providing innovative solutions to facilitate the transition to electric transportation [7] - The company aims to enhance the accessibility and quality of charging infrastructure as more drivers switch to electric vehicles [5] - Blink is committed to training Karbon colleagues and customers who will be using the EV chargers [4] Group 2: Karbon Homes - Karbon Homes focuses on sustainability and aims to equip all new developments with renewable technologies, including EV charging infrastructure [3] - The organization’s mission includes delivering quality homes and services that support thriving communities, with a strong emphasis on affordability, safety, and sustainability [2] - Karbon Homes has a strategic commitment to decarbonization and energy-efficient homes, aligning with its 'Stronger Foundations' strategy [2][3]

Core Points - Blink Charging Co. will announce its third quarter results on November 6, 2025, after market close [1] - A conference call and webcast will be held at 4:30 p.m. Eastern Time on the same day to discuss the results [1] Company Overview - Blink Charging is a global leader in electric vehicle (EV) charging equipment and services, facilitating the transition to electric transportation through innovative solutions [3] - The company's main products and services include the Blink EV charging network, EV charging equipment, and related services [3] - Blink's network utilizes proprietary, cloud-based software for operating, maintaining, and tracking EV charging stations and associated data [3] - The company has established strategic partnerships for EV charging adoption across various locations, including parking facilities, residential areas, workplaces, healthcare facilities, educational institutions, airports, and more [3]

Core Insights - Blink Charging Co. has been selected to install, own, and operate 184 EV chargers in Wakefield district as part of a regional net-zero initiative [1][2] - The project is backed by a £282,000 investment from the UK government's Local Electric Vehicle Infrastructure (LEVI) fund, aiming to enhance public EV charging access and support the transition to fully electric transportation by 2030 [2][4] Company Overview - Blink Charging Co. is a global leader in electric vehicle charging equipment and services, providing innovative solutions to facilitate the transition to electric transportation [6] - The company's offerings include the Blink Network, EV charging equipment, and services, utilizing proprietary cloud-based software for operation and maintenance [6] Project Details - The installation will consist of 54 on-street and 130 off-street EV chargers, focusing on areas with limited access to charging [1][3] - The initiative aims to ensure that at least 20% of the chargers are accessible to residents with various accessibility needs [3] Strategic Importance - The collaboration with Wakefield Council is seen as a significant step in expanding Blink's presence in the UK and enhancing the availability of public EV charging infrastructure [5] - The project is designed to provide charging solutions at no cost to the Council, making it easier for residents without home charging options to access EV chargers [5]

Core Insights - Blink Charging Co. has been awarded a contract by the City of Richmond to establish a network of electric vehicle (EV) charging stations, marking a significant step in enhancing the city's EV infrastructure [1][2]. Company Overview - Blink Charging Co. is a leading global provider of EV charging equipment and services, facilitating the transition to electric transportation through innovative solutions [5]. - The company's offerings include the Blink Network, which utilizes proprietary cloud-based software to operate and maintain EV charging stations and track associated charging data [5]. Contract Details - The agreement with the City of Richmond involves identifying and deploying critical EV infrastructure, including site assessment, installation, maintenance, and training services [3]. - Blink will collaborate with four other vendors to provide public charging solutions for residents and visitors, aligning with the city's climate goals [2][3]. Strategic Importance - This collaboration supports the City of Richmond's commitment to net zero strategies as outlined in the RVAgreen Climate Equity Action Plan 2030, promoting a sustainable environment [4]. - The partnership is expected to enhance the EV driver experience in the region, addressing the growing need for charging stations [4].

Core Insights - Blink Charging Co. has been awarded a contract by the City of Richmond to establish a network of electric vehicle (EV) charging stations, marking a significant step in enhancing the city's EV infrastructure [1][2]. Group 1: Contract Details - The collaboration involves Blink Charging and four other vendors to provide public charging solutions for residents and visitors in Richmond [2]. - The agreement includes services such as site assessment, installation, maintenance, repair, parts supply, warranties, and product training [3]. Group 2: Company Perspective - Blink's President and CEO expressed excitement about the partnership, highlighting the growing need for EV chargers in Richmond and the company's commitment to enhancing the EV driver experience [4]. - The City of Richmond's Energy Program Manager emphasized the alignment of Blink's solutions with the city's net zero strategies outlined in the RVAgreen Climate Equity Action Plan 2030 [4]. Group 3: Company Overview - Blink Charging Co. is a global leader in EV charging equipment and services, facilitating the transition to electric transportation through innovative solutions [5]. - The company's offerings include the Blink Network, which utilizes proprietary cloud-based software to operate and maintain EV charging stations and track associated data [5].