VPower Group International Holdings Limited (“VPower Group”, together with its subsidiaries, the “Group”, stock code: 1608.HK) is pleased to announce that, Tamar VPower Energy Fund I (the “Fund”), an equally contributed investment fund by CITIC Pacific Ltd. (“CITIC Pacific”) and VPower Group through their wholly owned subsidiaries, jointly with Itqan Holding Limited (“Itqan”) (collectively the “Parties”), have entered into an agreement to acquire the entire issued share capital of Byrne Equipment Rental LLC (together with its subsidiaries, the “Byrne Group”). The transaction is valued at approximately AED1 billion (equivalent to HKD 2.14 billion).

The Byrne Group includes, amongst others, Byrne

VPower Group International Holdings Limited (“VPower Group” or the “Group”, stock code: 1608.HK), a leading DPG station owner and operator in Southeast Asia, is pleased to announce that the Group is going to partner with CITIC Pacific Limited (“CITIC Pacific”), a wholly owned subsidiary of CITIC Limited (stock code: 267.HK), to establish an investment fund – Tamar VPower Energy Fund I (the “Fund”).

The Fund, with an initial capital of USD 160 million to be equally contributed by the Group and CITIC Pacific, will seek long-term capital appreciation by way of investments in companies or operating projects in the energy