On September 16, 2023, Mr. Wu Pinfang, Chairman of Jiangsu Guofu Hydrogen Energy Equipment Co, Ltd. (“GUOFUHEE”) met with Mr. Elmano de Freitas da Costa, Governor of Ceara State, Brazil, and his delegation in Shanghai. Mr. Governor paid great attention to GUOFUHEE's global strategic layout and warmly welcomed GUOFUHEE's joint venture with Brazilian partner to invest and build a factory in Ceara State, which will be an important step to build a blueprint for localization of hydrogen energy equipment manufacturing in Latin America. Chairman Wu introduced to Mr. Governor about the layout of GUOFUHEE's whole industrial chain in hydrogen generation, storage, transportation, refueling and application, as well as the planning of GUOFUHEE's five overseas production and manufacturing bases. Subsequently, Mr. Governor also introduced the long-term plan for hydrogen projects, and the advantages of developing hydrogen production and hydrogen eco-chain projects in the state of Ceara, a key renewable energy development region in Brazil, especially the Port of Pecem in Ceara for its convenient logistics and tax exemption policy. Ceara, as a state with the most planned green hydrogen projects in Brazil, has signed 32 green hydrogen projects with developers and investors from all over the world, and the demand for hydrogen energy equipment is tremendous. GUOFUHEE's planning of a 1GW electrolyzer manufacturing base in the Port of Pecem is of great significance for the development of the hydrogen and renewable energy industry in the state of Ceara, Brazil, and even in the entire Latin America. GUOFUHEE has established a joint venture company in Brazil, GF Hydrogen Brazil Ltd which is actively expanding hydrogen business in Brazil. In addition to the manufacturing project at the Port of Pecem, GUOFUHEE and its partner are also actively engaged in green hydrogen generation, hydrogen refueling stations and supporting hydrogen transportation projects. Through its well-established manufacturing system and many years of experience in operating hydrogen projects, GUOFUHEE is committed to assisting Brazil and the entire Latin American market in the rapid development of the hydrogen industry and contribute to the transition to clean energy.   At last, Chairman Wu and Mr. Governor agreed to meet again at the end of this year in the state of Ceara, where Mr. Governor will be invited for the groundbreaking ceremony for the GUOFUHEE manufacturing base in Brazil. Our heart for hydrogen development is unswerving, and we will surge forward. GUOFUHEE is committed to the promotion of green hydrogen energy equipment and technology for the world, and on the road to green and low-carbon development of energy and industry, all of us at GUOFUHEE will strive to fulfill our mission.

On September 8, 2023, Mr. Wu Pinfang, Chairman of Jiangsu Guofu Hydrogen Energy Equipment Co, Ltd. ("GUOFUHEE") and Mr. Shukui Zhao, Director of Evergreen Cryogenics, a U.S. company, signed a joint venture agreement in Shanghai and Singapore through an online signing ceremony. According to the agreement, the two parties will jointly invest and establish a joint venture company in Singapore to engage in the development and optimization of hydrogen liquefaction process packages at 15 TPD, 30 TPD and above scale. Based on the agreement, the joint venture will carry out research and development of large-scale hydrogen liquefaction process packages in accordance with market demand, and optimize the existing technologies and processes to improve the stability and reliability of the products to meet the needs of customers. The joint venture plans to complete the development of 15TPD and 30TPD hydrogen liquefaction process packages and the integration and development of key equipment configurations, and build at least one 15TPD or 30TPD hydrogen liquefaction plant in China and put it into operation by 2023 to 2025, and build and put into operation at least three 15TPD or 30TPD hydrogen liquefaction plant projects in China and overseas by 2025 to 2027, and meet the listing requirements in Hong Kong, Singapore and the United States by 2027-2030. The JV agreement marks the full integration of the two companies' strengths and resources for more efficient R&D and commercialization. Hydrogen is a clean, carbon-free fuel that, whether burned or fed into a fuel cell to generate electricity, generates water as the only by-product and produces no greenhouse gas like CO2. However, only hydrogen produced with zero emissions, such as from renewable energy sources, etc., will be recognized as green hydrogen.Singapore aims to achieve carbon neutrality (i.e. net zero emissions of greenhouse gases) by 2050. Despite of its limited renewable energy resources, how to meet domestic energy demand and promote sustainable development while addressing climate change has been one of the key issues for Singapore. Liquid hydrogen is the storage method with the highest hydrogen density, which is also the state of hydrogen with the highest quality and purity. Liquid hydrogen can be stored and transported more compactly and efficiently than by high-pressure hydrogen and pipeline, and is extensively used in energy, chemical, and high-end manufacturing industries, and also plays an important role in advanced technologies such as superconducting energy storage.In countries where land and resources are scarce, the uniqueness of liquid hydrogen and its high quality development and applications make it the most compelling product in the renewable energy market, and international trade of liquid hydrogen has already begun and liquid hydrogen is set to receive more and more attention. Promote clean energy, combat climate change and advance sustainable development Evergreen Hydrogen Pte. Ltd. is wholly owned subsidiary of Evergreen Cryogenics established in Singapore. Evergreen Cryogenics is a leading process technology developer and licensor engaged in design, engineering and licensing services for hydrogen liquefaction technology. GUOFUHEE Holdings Pte. Ltd. is a wholly owned subsidiary of GUOFUHEE established in Singapore.

Following the launch of the Global Hydrogen Equipment Base and the Hydrogen Operation Excellence Strategy, GUOFUHEE has established manufacturing bases and hydrogen operation companies in Europe, Australia and the Middle East to capitalize on the global hydrogen energy market opportunities, and to promote the development of innovative green energy projects with partners from all around the world.  On August 9, 2023, Mr. Wu Pinfang, Chairman of Jiangsu Guofu Hydrogen Energy Equipment Co., Ltd. ("GUOFUHEE") and Ms. Sophia Ng, Director of Australian Institute of Professional Technique ("AIPT"), signed a school-enterprise cooperation agreement in Melbourne, Australia with the main objective of addressing the challenges of global climate change and carbon emissions, and expanding the global hydrogen energy industry deployment of GUOFUHEE. The two parties will work together to train hydrogen energy talents by leveraging their respective strengths. The two sides propose to establish a hydrogen energy technology institute at AIPT's Melbourne Campus, specializing in the training of high-quality and versatile technical talents as well as professional and skillful frontline workers, which will help the company to build an internationalized talent pool, ensure the stable and sustainable development of its global workforce, and lay a solid foundation for building international market competitiveness and implementing the globalization strategy of GUOFUHEE.  The agreement stipulates that GUOFUHEE will provide professional teaching and training for the hydrogen energy technology institute, and deeply integrate the talents with the industry through the application of technology, and refer the qualified trainees to job opportunities in hydrogen energy industry all over the world. AIPT will award certificates and valid diplomas in energy technology and safety accredited by Australian Skills Quality Authority (ASQA). As a Registered Training Organisation (RTO) for vocational education and technical training, AIPT meets the requirements of ASQA and the 2015 Vocational Education and Training (VET) Quality Framework. AIPT is located at Ground Floor, 301-311 Flinders Lane, Melbourne VIC 3000, Australia.

On August 3, 2023, Mr. Wu Pinfang, Chairman of Jiangsu Guofu Hydrogen Energy Equipment Co., Ltd. ("GUOFUHEE"), Ryan Wong, CEO of Evvo Labs, and Goh Lay Poh, representative of Xindongxin Corporate Management Company, signed the Hydrogen Energy Project Strategic Cooperation Agreement at Hilton Singapore Orchard. According to the agreement, the three parties will jointly invest and establish a joint venture company in Singapore to build a new pattern of market development in Southeast Asia by relying on GUOFUHEE's technological advantages in the hydrogen industry chain. Based on the local market of Singapore, the joint venture will lead the development of hydrogen energy projects in Malaysia, Vietnam, the Philippines, Indonesia and other ASEAN countries. Hydrogen energy, as an abundant, green, low-carbon and widely used secondary energy source, is gradually becoming one of the major carriers of the global energy transition. At the Singapore International Energy Week 2022, Lawrence Wong, the Deputy Prime Minister and Minister for Finance of Singapore announced the launch of Singapore's National Hydrogen Strategy, which will develop hydrogen energy as a key decarbonization pathway in support of Singapore's international climate commitment to achieve net zero emissions by 2050. The Strategy sets out to develop low-carbon hydrogen as a key decarbonization route to support Singapore's accelerated transition to net-zero emissions by 2050, while enhancing Singapore's energy security and resilience.  The 70Mpa HRS by GUOFUHEE in Kuching, Sarawak, Malaysia As a major economic and innovation hub in Southeast Asia, Singapore is committed to promoting sustainable development and green energy cooperation. Through this partnership, GUOFUHEE, Evvo Labs and Xindongxin Corporate Management Company have made significant strides in the hydrogen energy sector, bringing more opportunities and innovations to the hydrogen energy industry in Southeast Asia, and promoted the broad application of hydrogen technology in transportation, industry and energy in Singapore and Southeast Asia, and also further enhanced energy diversification and sustainable development in Southeast Asia, making an important contribution to a cleaner, low-carbon future.

ADNOC is an early mover in the production of clean hydrogen, and the station under development in Masdar City will support the UAE National Hydrogen Strategy. Abu Dhabi, UAE – July 18, 2023: ADNOC, today announced that it has begun construction on the Middle East's first high-speed hydrogen refueling station. The station, which is being built in Masdar City by ADNOC, will create clean hydrogen from water, using an electrolyser powered by clean grid electricity. Hydrogen, which creates no carbon dioxide (CO2) emissions when used, has the highest energy per mass of any fuel and can give vehicles a longer driving range and quicker refueling times compared with battery electric vehicles.  ADNOC also announced a partnership with Toyota Motor Corporation (Toyota) and Al-Futtaim Motors to test the high-speed hydrogen refueling station using a fleet of clean hydrogen-powered vehicles.  His Excellency Dr. Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology and ADNOC Managing Director and Group CEO, said: “The need to reduce carbon emissions to address climate change is clear and urgent. ADNOC is placing sustainability and decarbonization at the heart of its strategy and, while we decarbonize our operations today, we are making robust investments to be a supplier of choice for the clean energies of tomorrow. “Hydrogen will be a critical fuel for the energy transition, helping to decarbonize economies at scale, and it is a natural extension of our core business. Through this pilot program, we will gather important data on how hydrogen transportation technology performs as we continue to develop the UAE's hydrogen infrastructure.” Under the partnership, Toyota and Al Futtaim Motors will provide a fleet of hydrogen-powered vehicles. The pilot program will help ADNOC understand how hydrogen with high-speed refueling can best be used in mobility projects to support the UAE's National Hydrogen Strategy, which aims to position the country among the largest producers of hydrogen by 2031. ADNOC Distribution will operate the station upon its completion later this year. A second station, in Dubai Golf City, will be fitted with a conventional hydrogen fueling system. ADNOC has allocated $15 billion (AED55 billion) to advance and accelerate lower-carbon solutions, investing in new energies and decarbonization technologies to reduce its carbon intensity by 25% by 2030 and enable its Net Zero by 2050 ambition.  

Recently, Jiangsu Guofu Hydrogen Energy Equipment Co., Ltd. ("GUOFUHEE") has received good news that the company's 1000Nm³/h alkaline water electrolyzer has successfully obtained the CE certificate and report issued by TÜV Rheinland, an international independent third-party testing, inspection and certification authority. In addition, GUOFUHEE's other key products, such as post-processing modules, are being certified, contributing to GUOFUHEE's leading position in the green hydrogen sector. 1000Nm³/h Alkaline Water Electrolyzer CE Certificate The CE certificate is the result of GUOFUHEE R&D team's continuous efforts. This certification means that the overall safety performance of GUOFUHEE alkaline water electrolysis hydrogen generation system complies with EU norms with globally advanced safety technology, and can be sold in EU countries and other countries that recognize the CE certification. This significant milestone serves as GUOFUHEE's "visa" to access the European market, and proves GUOFUHEE's ability in international market to provide customers with more reliable and efficient green hydrogen equipment solutions. Hydrogen energy, as an abundant, green, low-carbon and widely used secondary energy source, is gradually becoming one of the major carriers of the global energy transition. More and more countries have formulated national hydrogen energy strategies, and the European Union has clearly specified in the European Hydrogen Strategy that hydrogen energy shall be developed progressively to reduce the cost of hydrogen production from renewable energy sources, and to promote the decarbonization of the economy through the large-scale application of green hydrogen, in order to achieve the overall climate goals. The development of the hydrogen industry, and in particular green hydrogen, is one of the most effective measures to achieve zero net carbon emissions and carbon peaking and carbon neutrality. GUOFUHEE 1000Nm³/h alkaline water electrolyzer GUOFUHEE will continue to seek technical innovation and quality improvement, and enhance the R&D and manufacturing of products, thus contributing to the quality and sustainable development of green energy. We will always be customer-oriented, provide customers with whole industry chain solutions, actively participate in the cooperation in the global hydrogen energy industry, jointly promote the application of hydrogen energy technology, and contribute to the global energy transition.

The First Overseas Water Electrolysis Hydrogen Production Project of GUOFUHEE to Serve COP 28 Jiangsu Guofu Hydrogen Energy Equipment Co., Ltd.   COP 28 will be held from November 30 to December 12, 2023 at Expo City, Dubai, UAE. Thousands of leaders, diplomats and international politicians are expected to attend the big event. As the third largest oil producer in the Organization of Petroleum Exporting Countries (OPEC), the UAE is actively promoting the energy transition and is fully engaged in the hydrogen energy industry. Previously, Mubadala, a UAE sovereign investor, ADNOC and ADQ jointly launched the "Hydrogen Alliance" to accelerate the wide application of hydrogen energy in transportation and industrial production. ADNOC recently announced that it will build the first hydrogen refueling station in the Middle East to fuel 10 Toyota passenger cars and 10 BMW passenger cars. The station is scheduled to be operational by October 2023 as a demonstration project of COP 28. In addition, ADNOC plans to build another 176 HRS in the next five years. After ADNOC's global supplier survey, GUOFUHEE and Broaden Energy won the bidding of ADNOC's integrated hydrogen generation and refueling station project. GUOFUHEE will provide the complete electrolyzer system and HRS solution for the integrated station, and equipment operation and maintenance services during the period of COP 28. GUOFUHEE's Chairman, Mr. Pinfang Wu, met with Broaden Energy on June 22, 2023 at the Palm Jumeirah in Dubai, and reached a consensus after in-depth exchanges and signed a Memorandum of Understanding (MOU) and a Supply Agreement for the integrated station project. The awarded project is GUOFUHEE's first overseas water electrolysis hydrogen production equipment order, representing the smooth and successful implementation of GUOFUHEE's overseas strategic plan, which will drive the application of hydrogen energy equipment globally. As a flagship hydrogen enterprise in China, GUOFUHEE has been providing whole industry chain solution for green hydrogen production from renewable energy sources and large-scale storage and transportation of green hydrogen and its application. Since 2023, GUOFUHEE has already launched its market in Europe, the Middle East, Brazil, South Africa, Australia and other regions, and has established a good reputation in the international market after the inspection and certification by major international energy customers. In addition, according to the strategic cooperation agreements signed, GUOFUHEE is expected to obtain at least 1 billion US dollars of orders overseas in the next five years, and endeavors to continuously explore the hydrogen energy business model in the international market, and contributes to the global decarbonization.

GUOFUHEE and Sacotel Znshine entered into a strategic agreement for long-term sales cooperation in the Middle East markets. Hydrogen economy programs are being actively launched in the Middle East, especially in the GCC countries such as Saudi Arabia, the UAE and Oman which enjoy abundant financial resources, efficient decision-making mechanisms and well-developed infrastructures, making them pioneers in the development of the hydrogen economy.   At the end of May 2023, the Gulf Cooperation Council Interconnection Authority (GCCIA) and the Electric Power Research Institute (EPRI), an independent, non-profit energy research and development organization, co-hosted the second energy storage forum in Dubai. With the theme of "the Road to the Energy Transition at the COP28", the forum called on global financial institutions to invest in energy storage technologies in support of green and renewable energies, with a strong emphasis on hydrogen energy storage technologies. According to data released by the forum, renewable energy is projected to account for 80% of the world's total energy by 2050, but will require annual investments of approximately $1.5 trillion in energy supply and production through 2035. With more than 1,000 hydrogen energy projects announced worldwide and investment expected to reach $320 billion by 2030, the global hydrogen energy sector continues to gain momentum.  In view of the tremendous market, Jiangsu Guofu Hydrogen Energy Equipment Co., Ltd., represented by Mr. Wu Pinfang, and Sacotel Znshine, represented by Ms. Joumana Horsi, entered into a long-term sales cooperation strategic agreement on June 21, 2023 in Downtown Dubai. GUOFUHEE engages Sacotel Znshine to develop market in the Middle East and sell electrolyzer systems and other hydrogen energy equipment to Middle East clients and projects to promote the application of renewable energy. The two parties agreed to jointly provide innovative hydrogen energy solutions for the Middle East region and that in the next five years, Sacotel Znshine will help GUOFUHEE to obtain not less than 500 million dollars of orders in the electrolyzer market, and jointly develop the green hydrogen market for win-win cooperation, which will contribute to the energy transition and sustainable development of the region. The strategic cooperation is of great significance and marks the integration and complementation of the resource advantages of both sides which will join efforts to create a leading edge in the green energy in the Middle East. The two sides are resolved to help cope with climate change and reduce carbon emissions, and respond positively to the call for a global green and low-carbon transition, contributing to the in-depth promotion of the energy revolution and the construction of renewable energy system in the Middle East. The cooperation also represents a solid step of GUOFUHEE towards the goal of becoming an international supplier of high-quality equipment for green hydrogen generation from renewable energy. About Sacotel Znshine Sacotel Znshine is a renewable energy and related environmental consulting and product services company with wide connections and rich resources and understands the demand of the renewable energy industry in the Middle East. The company specializes in marketing and sales, and is good at helping clients understand the technology and providing customized solutions to maximize the advantages of products.

GF Wins Second Prize in the Green Hydrogen Track of UNIDO Global Call 2023.