VPower Group International Holdings Limited, 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”).

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 supports its customers with emergency power solutions for them to maintain normal operation amid power shortfalls.

VPower Group International Holdings Limited won a number of awards in the “Small Cap” category at the 7th Investor Relations Awards organised by the Hong Kong Investor Relations Association (“HKIRA”), including the Best IR Company, the Best ESG (E), the Best ESG (S), the Best ESG (G) and the Best Annual Report.

VPower Group International Holdings Limited announced its annual results for the year ended 31 December 2020. Despite the unprecedented challenges in the global business environment in 2020 due to the COVID-19 pandemic, the Group demonstrated business resilience, thanks to its operational flexibility and adaptive management approach.