Beijing Jingcheng Announces Hydrogen Energy Collaboration

Beijing Jingcheng Machinery Electric Co Ltd Class H (HK:0187) has released an update.

Beijing Jingcheng Machinery Electric Co. Ltd has announced a Product Sale and Purchase Framework Agreement through its subsidiary Beijing Tianhai with Shanghai Sunwise to boost their hydrogen energy market collaboration. This deal will see the two groups buy and sell hydrogen energy products, including a range of equipment and components, with terms based on the open market prices in China. The agreement, effective until the end of 2024, is significant as it constitutes continuing connected transactions for the company and meets the reporting and annual review requirements as per Listing Rules.

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