Jiangsu Guofu Hydrogen Energy Equipment Co., Ltd. (02582.HK): Signs Pre-purchase Order Agreement for Hydrogen Energy Project with Australian Associate Company
News Update: On January 7, Jiangsu Guofu Hydrogen Energy Equipment Co., Ltd. (02582.HK) issued a voluntary announcement disclosing progress in its overseas business. On December 29, 2025, the Company signed a pre-purchase order agreement with LineHydrogen (Australia) Pty Ltd, its 14%-owned Australian associate company, in respect of the Tasmania Hydrogen Energy Project in Australia.
Pursuant to the agreement, the Company will provide a suite of products and services for the project, including water electrolysis hydrogen production complete sets of equipment, hydrogen refueling station complete sets of equipment, multi-element gas container (MEGC) equipment, as well as related installation, commissioning, technical training and operation and maintenance services. This pre-purchase order shall take effect only upon the subsequent signing of a formal procurement agreement or procurement order.
The Board of Directors stated that the signing of this agreement is one of the key initiatives for the Group to implement its internationalization strategy and build a global layout in the hydrogen energy market. If the transactions under the agreement and the cooperation with leading Australian enterprises are successfully implemented, it is expected to exert a positive impact on the Company’s rapid entry into the Australian market, reduction of risks associated with independently developed projects and enhancement of the brand’s international influence.
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