Acquisition of all the interests of Contemporary Huazhi New Energy Technology Hong Kong Limited. from CCPOM Limited at the purchase price of RMB 98,400,000, including RMB 38,400,000 in Hong Kong dollars in cash, The remaining HK $60,000,000 amount was issued 34,861,830 shares at HK $2 per share, accounting for 7.93% of the issued share capital
the Group principally engaged in (i) the manufacturing and sale of lithium ion motive battery, lithium ion battery module, battery charging devices, battery materials machines and production lines, new energy solution and sale of relevant equipment, investments holding and import and export trading (the "Lithium Ion Motive Battery Business"); and (ii) the operation of electric vehicles charging network or stations and the provision of ancillary services (the "Charging Station Business.
AMOUNT DUE TO THE CONTROLLING SHAREHOLDER: The amount is unsecured, non-interest bearing and has no fixed repayment terms.Amount due to the controlling shareholder at 30 June 2026 (Unaudited): HK$'000 36,616.
As at 30 June 2026, the Group's bank and cash balances amounted to approximately HK$23,979,000 (31 December 2025: approximately HK$16,263,000). The Board is of the view that the Group may support its operation and future development projects by its internally generated financial resources and possible fundraising activities.
