VPower Group International Holdings Limited (“VPower Group” or the “Group”, stock code: 1608.HK), joining hands with China National Technical Import and Export Corporation and Fuzhou Xutong Industrial Technology Co., Ltd. as a consortium, entered into a strategic cooperation agreement of modern energy management and implementation with Fuyao Glass Industry Group Co., Ltd. (“Fuyao Group”). The signing ceremony was successfully held at the headquarters of Fuyao Group on 19 October.

China is in the grip of a power crunch recently as a result of rising power demand driven by accelerated economic development, surging coal price and decreased generation capacity of coal-fired power plants. VPower Group International Holdings Limited (“VPower Group” or the “Group”, stock code: 1608.HK) supports its customers with emergency power solutions for them to maintain normal operation amid power shortfalls.