GCL New Energy Holding Limited ("the Company") announced that its wholly-owned subsidiary has submitted a subscription application to the fund on June 25, 2024, with a total subscription amount of USD14,000,000 for 14,000 shares of Class A shares of Asia-IO Clean Energy Partners SP independent investment portfolio. The subscription matter is subject to disclosure in accordance with Chapter 14 of the Listing Rules, but is exempt from compliance with the Circular and Shareholder Approval Requirements. The fund's main investment objective is to seek long-term maximum absolute returns through investments in listed and unlisted assets of energy and other related advanced manufacturing industries. The Company believes that through this subscription, it can balance and diversify its investment portfolio and has the potential...Show More

GCL New Energy Holding Limited ("the Company") announced that its wholly-owned subsidiary has submitted a subscription application to the fund on June 25, 2024, with a total subscription amount of USD14,000,000 for 14,000 shares of Class A shares of Asia-IO Clean Energy Partners SP independent investment portfolio. The subscription matter is subject to disclosure in accordance with Chapter 14 of the Listing Rules, but is exempt from compliance with the Circular and Shareholder Approval Requirements. The fund's main investment objective is to seek long-term maximum absolute returns through investments in listed and unlisted assets of energy and other related advanced manufacturing industries. The Company believes that through this subscription, it can balance and diversify its investment portfolio and has the potential for capital appreciation. The management fee for subscribing to the fund is 2.0%, and the term of the fund is six years after the first delivery date, which may be extended to eight years. The Company stated that the subscription terms are fair and reasonable and in line with the overall interests of the Company and shareholders.