GCL Energy signs strategic partnership with Zhejiang Caitong Capital

GCL Energy Technology announced a strategic cooperation framework agreement with Zhejiang Caitong Capital Investment Co., Ltd. The partnership aims to leverage both companies' strengths to focus on developing and investing in high-quality new energy assets, including integrated energy services, new energy sources, energy storage, and charging infrastructure. Zhejiang Caitong Capital may invest in GCL Energy's existing or new new energy assets through funds or other means. The agreement is effective for three years from April 27, 2025. The collaboration is not expected to have a significant impact on GCL Energy's financial performance for the current year. Zhejiang Caitong Capital's registered capital is CNY 1,700,000,000.