WAI CHUN BIOTEC (00660) announced that on April 12, 2026, the company, acting as the general lead and controlling party, jointly signed a Strategic Memorandum of Understanding for New Energy Projects with several major Chinese state-owned enterprises, renowned overseas multinational corporations, and top-tier international financial institutions. The collaborating parties will jointly invest in, develop, construct, and operate new energy projects globally, including wind and solar power generation. According to the MOU, the parties have agreed to co-develop and implement wind and solar power projects in multiple countries and regions worldwide. Specifically, for the South Korean market alone, the total scale of new energy projects to be developed is explicitly set at no less than $50 billion. Furthermore, the target project footprint extensively covers global core and emerging markets, including Thailand, Indonesia, the five Central Asian countries, the United States, Canada, Romania, Saudi Arabia, Zambia, and Mongolia. This massive project scale and global layout are expected to provide the group with immeasurable growth potential for its performance. The group will subsequently announce projects in numerous countries, with the total project scale expected to reach hundreds of billions of US dollars. The group has successfully assembled top-tier industrial and financial resources globally. The consortium of partners is exceptionally strong, covering the entire industrial chain from engineering procurement and construction (EPC) and equipment supply to joint investment and financial support, providing comprehensive credit enhancement and support for the group's multi-billion-dollar new energy blueprint: • Top-tier EPC contractors include major state-owned enterprises such as China Construction Sixth Engineering Division Corp., Ltd. and CITIC Construction Co., Ltd., as well as South Korean multinational giants POSCO Engineering & Construction and Doosan Enerbility. These companies have committed to providing highly competitive pricing and stringent quality control to ensure projects are delivered on schedule and to a high standard. • Joint investment and equipment support from globally renowned companies include leading new energy equipment manufacturer Mingyang Smart Energy, which will prioritize supplying core wind turbine equipment and technology, and Korea South-East Power Company, which will provide localized support such as grid connection and Power Purchase Agreements. Joint investment partners and the company will share risks and substantial returns according to their equity stakes. • Support from authoritative international financial institutions: The projects will receive comprehensive financial support for project financing, export credit insurance, and bond issuance from institutions such as China Export & Credit Insurance Corporation, UK Export Finance, China CITIC Bank, and CUSTODIA Group. Within this formidable consortium of state-owned enterprises and international giants, the company will serve as the general lead, developer, operator, primary investor, and controlling party for the global new energy projects. The company will be responsible for integrating global project resources, leading preliminary project development, obtaining government approvals, and making investment and financing decisions. As the primary capital contributor and controlling shareholder, the company will assume full responsibility for the overall commercial operation and asset management of the projects post-completion, securing core earnings. To demonstrate the group's firm commitment to fully entering and deepening its presence in the global new energy sector, the company proposes to change its name to "Wai Chun Energy Group Limited." The collaborating parties will establish a joint working group led by the company, holding regular progress meetings and securing project resources. Once target projects pass evaluation, the parties will promptly sign definitive, legally binding documents such as Joint Venture Agreements and EPC Turnkey Contracts to ensure the rapid implementation of the $50 billion South Korean project and other large-scale global projects. Amid the significant historical opportunities presented by global carbon neutrality and energy transition, the new energy industry is experiencing explosive growth. The Board believes the signing of this strategic MOU marks the most significant milestone in the group's development history. Firstly, it establishes the company's advantageous position in the hundred-billion-dollar global new energy market, fundamentally raising the ceiling for the group's business. Secondly, the substantial $50 billion project scale in South Korea and the extensive global footprint are expected to provide the group with a continuous stream of high-quality assets and long-term, stable cash flow. Finally, the ability to form a powerful alliance with major state-owned enterprises and leading industrial giants, and to secure their strong endorsement, fully demonstrates the group's robust resource integration capabilities, high international market recognition, and excellent project execution. The Board is confident that with the proposed name change to "Wai Chun Energy Group Limited" and the gradual implementation of these mega-projects, the group will achieve a strategic leap forward, transforming into an internationally leading new energy industrial group, thereby creating substantial and long-term investment returns for shareholders.