GCL Energy Technology invests $10m in overseas renewable energy fund

GCL Energy Technology, through its wholly-owned overseas subsidiary Usual Win Limited, plans to invest $10 million in PROFUSION POWER FUND, LP. This private equity fund, with a target size of up to $300 million, will focus on equity investments in renewable energy companies worldwide. This move aligns with GCL Energy Technology's "energy assets + energy services" strategy and aims to explore new application models combining new energy with IoT blockchain technologies.

The fund, established on April 2, 2025, and registered in the Cayman Islands, is currently in its fundraising phase. PUH Merchants Ltd. and Gaia DT Guardians Investment Management Limited will serve as general partners. GCL Energy Technology's investment represents a strategic exploration of digital investment opportunities within the new energy sector, enhancing the company's future development. The investment will utilize the company's own funds and is not expected to materially impact its financial performance or operations.

The investment is subject to risks common to private equity, including economic and industry conditions, operational management of target investments, and potential legal and policy changes. GCL Energy Technology will actively monitor the fund's management and investment projects to mitigate these risks. This investment does not constitute a related party transaction or lead to horizontal competition.