The board of directors of the IDG Energy Investment Limited
announced that on 27 January 2022, the Company entered into a
manufacturing and supply agreement with a new customer, which is
principally engaged in manufacturing wet processing equipment. To the
best of the Directors' knowledge, information and belief, having made all reasonable
enquiries, the Customer and its ultimate beneficial owners are independent third parties of
the Company and its connected persons as at the date of this announcement. Pursuant to the Agreement, the Company shall manufacture and supply to the Customer the
selected wet chemical and similar equipment (the Products) for a term of five years
commencing before February 2022. The Customer will grant an exclusive and royalty-free
license to the Company to use its manufacturing know-how for the purpose of manufacturing
of the Products during the term of the Agreement.