Roan, Guodianto Partner for Investment, Construction and Operation of New Energy Storage Power Stations

Roan Holdings Group Co., Ltd. announced that the Company has entered into a cooperation framework agreement with Guodiantou (Beijing) Integrated Energy Co., a subsidiary of State Power Investment Corporation Limited, for their future strategic cooperation on investing, constructing and operating new energy storage power stations (such projects, the Energy Storage Station Projects) initially in the Yangtze River Delta region.

Through this cooperation, Roan expects the Energy Storage Station Projects to promote and improve the ecological layout of the energy storage industry, enhance the core competitiveness of industrial projects, and expand business performance and scale.  

Pursuant to the Agreement, the parties are to form a project company or companies for the Energy Storage Station Projects, in which the Company is expected to hold a minority interest. Guodiantou will be primarily responsible for making the investment in these energy storage stations and owning the power station assets.

Roan has entered into another cooperation framework agreement and a letter of intent with other third parties to facilitate the development of two industrial parks, one to be focused on new energy storage and battery manufacturing and the other on  new energy storage production, system equipment manufacturing, and new materials and semiconductor, with the intent for the parks to house companies that would develop energy storage industrial projects which the Company would consult for. 

The Company plans to facilitate the use of these energy storage industrial projects to supply equipment and provide services in energy storage power station construction and operation as part of its cooperation under the Agreement.

In addition, the Company will use its expertise in industrial operation and capital market services, including initial planning and financial consulting, to support the Energy Storage Station Projects. Details will be included in the future agreements to be entered into by the parties with respect to the Energy Storage Station Projects.    

Junfeng Wang, Chairman of the Board commented "We are very excited to announce the cooperation with Guodiantou. Guodiantou, an integrated energy infrastructure investment, construction and operation enterprise, mainly focuses on the development directions of power generation, user-side energy storage infrastructure, energy storage, technological innovation, technical services and other businesses, and undertakes the important task of investing, constructing and developing new integrated energy infrastructure in Beijing, Tianjin, Hebei, the Yangtze River Delta region and the central region. Guodiantou is an important strategic partner of our industrial operation strategy of whole process and life cycle'".