LONGSHINE: In the future, the company will continue to deepen its cooperation with ANT GROUP in the area of RWA

LONGSHINE stated on the interactive platform that the company, in cooperation with ANT GROUP, completed the first domestic transaction based on renewable energy real-world assets (RWA) in Hong Kong last August. This involved the issuance of RWA for 9,000 charging piles operated by its aggregation charging platform, New Electric Road, to obtain financing. In this renewable energy RWA project, New Electric Road, as the operator and service provider of the renewable energy digital platform, identified quality assets on the platform through data, providing construction and operational support to quality charging pile operators on the platform, thereby helping them revitalize existing assets, continuously create revenue and value, and form a virtuous cycle of investment and financing, truly realizing technology empowerment of physical assets. By the end of 2024, the New Electric Road aggregation charging platform has partnered with over 3,000 charging pile operators, with the number of connected charging devices exceeding 1.6 million, and the cumulative access of the distributed photovoltaic cloud platform reaching 25GW. In the future, the company will continue to deepen its cooperation with ANT GROUP in the RWA area, benefiting more entities in the real economy, including charging operators. In the process of providing innovative financial services to operators, the company can obtain reasonable returns and drive the continuous development of platform business