Futubull's account should be used. CCIAM Future En (00145) announced that on May 31, 2024, its wholly-owned subsidiary submitted a bid to the Hong Kong Special Administrative Region government for the site located at 6639, Kai Fuk Road, Kowloon Bay, Kowloon. The main purpose of the bid is to build an electric vehicle charging station. The bid covers an area of approximately 1,127 **** meters and lasts for 12 years. It is expected to be used for (i) electric vehicle charging stations, equipped with at least 18 electric vehicle charging machines, each with an output power of no less than 100 kW; and (ii) retail and ancillary warehousing for retail use. The electric vehicle charging station will serve private vehicles and public transportation vehicles, including reserving and designating 9 chargers for electric taxis and providing chargers for electric minibuses from 3pm to 6pm peak hours each day. In accordance with the bid requirements, a bank draft of HKD 1,000,000 has also been submitted, which will be held uncashed until the bid is accepted.

The Group has rich experience in energy-saving business. In addition to providing energy-saving solutions to the domestic market in mainland China, the Group has also provided insulation services to buildings in Hong Kong and Macau recently. Through participation in the bid, the company aims to further expand its energy-saving business to electric vehicle charging facilities in Hong Kong. This not only diversifies the sources of the Group's income but also demonstrates the Group's commitment to developing eco-friendly infrastructure and promoting environmental-friendly transportation choices. The company will cooperate with a local company specializing in clean energy solutions, which has rich professional knowledge in providing electric vehicle charging energy conversion systems and energy efficiency solutions. The collaboration will leverage the comprehensive advantages of the two companies to provide innovative and efficient electric vehicle charging services to support Hong Kong's move towards a more sustainable future. If the bid is successful, the company aims to enhance the development and operation of the electric vehicle charging station, contribute to the development and promotion of green transportation in Hong Kong.

The company will cooperate with a local company specializing in clean energy solutions, which has rich professional knowledge in providing electric vehicle charging energy conversion systems and energy efficiency solutions. The collaboration will leverage the comprehensive advantages of the two companies to provide innovative and efficient electric vehicle charging services, supporting Hong Kong's move towards a more sustainable future. If the bid is successful, the company aims to enhance the development and operation of the electric vehicle charging station, contributing to the development and promotion of green transportation in Hong Kong.

Considering the above, the directors believe that the submission of the bid is fair and reasonable, and in line with the group's core business focus and long-term growth strategy in energy-saving business. The bid is in the best interests of the company and shareholders as a whole.