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China Resources Power And Black Spade Capital Sign A Strategic Joint Venture Cooperation Agreement

With environmental protection in mind and capitalizing on the competitive edges of each side, the two companies join force to diversify new energy businesses and promote the green world, expanding into the new energy market in the Greater Bay Area.

China Resources Power Holdings Company Limited and Black Spade Capital Limited held a joint venture cooperation agreement signing ceremony at the headquarter of CR Power, initiating the cooperative relationship based on the shared belief of serving the communities by the formation of China Resources Black Spade New Energy Limited. The new company, which will be jointly owned and funded by both sides, aspires to promote new energy development and to fulfil its social responsibilities as a good corporate citizen.

CR Power and Black Spade pledge to commit their own resources, database and projects to the joint venture. Riding on the competitive advantages of both sides, CR Black Spade is determined to capture an abundance of business opportunities in the sector, which in turn enhances value and creates a win-win situation for both companies.

With the rapid development of new energy, CR Black Spade will primarily focus on the Greater Bay Area at present and target at a series of new energy businesses, including photovoltaics, waste recycling and the application of advanced technologies, through a close and seamless cooperation between the two partners. The joint venture aims at developing the Hong Kong and Macao market as its first step and strives to promote sustainability to both cities.

CR Black Spade will take an active role in identifying and investing in innovative projects with environmental protection, developing clean energy and low-carbon consumption as its core objectives. Despite of new challenges, the company will undertake the mission and responsibility of protecting the ecology and envisages to further advance the development of new energy to create a greener environment around the globe.

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