The board of directors of the Global Strategic Group Limited announced that the Group intends to develop a new energy charging station business (New Business) in the People's Republic of China (PRC) in view of the government's intensifying efforts to plan and build a new energy supply and consumption system. The Group has engaged in the pipeline natural gas supply business, and has been exploring development opportunities in wind power, photovoltaic, energy storage and other new energy industries, and has accumulated extensive professional knowledge and extensive pipeline network. The New Business has the potential to provide synergistic development opportunities, thereby providing an additional pipeline for existing businesses.

At the same time, the healthy development of the domestic new energy vehicle industry in recent years has also brought about development opportunities and increased demand for new energy charging stations. Accordingly, the board is of the view that the development of the New Business in the PRC is beneficial to the Group and in the interest of the company and the Shareholders as it has the potential to make future contributions to the Group.