BG Blue Sky (06828.HK) announced that its indirectly wholly-owned subsidiary Zhejiang Boxin has obtained the Jiangsu Province Investment Project Record Certificate issued by the administrative examination and approval bureau of the Yangzhou Weiyang Economic Development Zone Management Committee on April 22 for the peak shaving and energy storage project located in the Weiyang Economic Development Zone in Yangzhou City, Jiangsu Province. The project covers an area of approximately 600 square meters. The project has started construction and entered the civil construction phase.

Zhejiang Boxin entered into an energy management agreement with Yangzhou Wutingqiao in the second quarter, granting the latter the energy-saving and economic benefits generated by the project; and signed a procurement agreement with Suzhou Epoch Huajing for energy storage equipment (system), with a contract amount of RMB18 million.

BG Blue Sky is currently trading at 0.04 yuan, up 5.26%, with a turnover of 800,000 shares and involving a capital of 32,000 yuan.