Glonghui November 16丨PERFECTECH INTL (00765.HK) announced that China Digital Energy Storage Hong Kong Co., Ltd., an indirect wholly owned subsidiary of the company, has signed a non-legally binding cooperation framework agreement with Nanjing Dingzhen Automation Technology Co., Ltd. on November 16, 2023. According to this, the Hong Kong company or its subsidiaries established in China will acquire all assets and/or shares of Nanjing Dingzhen.
Nanjing Dingzhen is a company founded in China and is engaged in R&D and manufacturing of new energy and related storage, monitoring, safety, automation control and information system management solutions and equipment. Nanjing Dingzhen's expert team has accumulated many years of experience in the field of smart grids, applying carbon peak and carbon neutrality strategies when formulating and providing software and hardware system solutions and services for smart grids, new energy and energy storage. Nanjing Dingzhen's customers include grid owners, power plants, new energy infrastructure, industrial enterprises, mining companies, and other energy-intensive users. Nanjing Dingzhen continues to develop and innovate core technologies related to power generation, transmission, loading and storage control, and has established rich intellectual property rights and commercialized a number of turnkey solutions. Nanjing Dingzhen's assets include land properties, production lines, plants and equipment used for its R&D and manufacturing business in Nanjing, as well as a number of related invention patents, new application patents and software rights registered in China.
The board of directors believes that once the proposed transaction under the framework agreement is implemented, it will be beneficial to the group plan described in the company's announcement dated August 1, 2023. The plan will enrich the group's product portfolio and revenue sources through the development of the new energy industry and investment in the construction, operation and management of infrastructure and facilities for the storage and transmission of new energy in China.