The board of directors of Trendzon Holdings Group Limited announced that on 29 June 2023, the Company entered into a cooperation framework agreement with China Construction Seventh Engineering Division New Energy (Shanghai) Co. Limited. The parties are committed to establishing a comprehensive and long-term partnership.

The parties will give full play to their respective advantages in resources, capital, talents, technology, market development and industrial chain resources, and will act in accordance with the principle of " sincere cooperation, mutual support, mutual benefit and win-win, and synergistic development". Both parties will give full play to the market influence and brand effect of their respective fields, regions and industries. The scope of cooperation covers clean energy, smart city, industrial real estate, new energy vehicles and other fields, including but not limited to hydropower, wind power, photovoltaic, energy storage technology, hydrogen energy, natural gas and other clean energy projects and power transmission and distribution business, as well as research and development of new materials, equipment manufacturing, industrialization of scientific research and technical services related to the above fields.

The Framework Agreement will be signed separately for any specific cooperation project. According to the information currently available to the Group, China Construction is affiliated to "China State Construction Engineering Corporation Limited", the world's top 500 investment and construction group, and a wholly-owned legal entity subsidiary under China Construction Seventh Engineering Division Corp. Ltd. (Zhong Guo Jian Zhu Gu Fen You Xian Gong Si) (the "CCSED").

CCSED is headquartered in Putuo District, Shanghai, and China Construction is a legal person company specially established by CCSED to implement the national "Dual Carbon Strategy". It undertakes the leading mission of CCSED to optimize its business structure and promote industrial transformation and upgrading. The main business of China Construction focuses on the field of clean energy, with hydropower, wind power, photovoltaics, energy storage technology and power transmission and distribution business, new infrastructure, urban renewal and high-quality housing construction as its core business, and a nationwide business layout.