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    1608   KYG939541085

VPOWER GROUP INTERNATIONAL HOLDINGS LIMITED

(1608)
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VPower International : VOLUNTARY ANNOUNCEMENT - SECURING 96MW NEW PROJECT IN SRI LANKA

08/04/2020 | 09:02am EDT

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

VPOWER GROUP INTERNATIONAL HOLDINGS LIMITED

偉 能 集 團 國 際 控 股 有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1608)

VOLUNTARY ANNOUNCEMENT

SECURING 96MW NEW PROJECT IN SRI LANKA

The board of directors (the "Board") of VPower Group International Holdings Limited (the "Company", together with its subsidiaries, collectively the "Group") is pleased to announce that the Group has been awarded a power generation project with an aggregate contract capacity of 96MW in Sri Lanka in a public tender, the letter of intent for which was received on 31 July 2020. The Group expects to enter into the relevant power purchase agreement with Ceylon Electricity Board in the fourth quarter of this year.

The Group plans to build multiple distributed power stations for the project with an aggregate installed capacity of 120.8MW which the Group expects to commence commercial operation by the end of this year. The addition of the new project will double the Group's power generation capacity in Sri Lanka to over 200MW, making the Group one of the leading distributed power station operators of the country.

By Order of the Board

VPower Group International Holdings Limited

Lam Yee Chun

Executive Chairman

Hong Kong, 4 August 2020

As at the date hereof, the Board comprises Mr. Lam Yee Chun, Mr. Lee Chong Man Jason, Mr. Au-Yeung Tai Hong Rorce and Mr. Lo Siu Yuen as executive directors; Ms. Chan Mei Wan and Mr. Kwok Man Leung as non-executive directors; and Mr. David Tsoi, Mr. Yeung Wai Fai Andrew and Mr. Suen Wai Yu as independent non-executive directors.

Disclaimer

VPower Group International Holdings Ltd. published this content on 04 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 August 2020 09:20:02 UTC


© Publicnow 2020
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Sales 2021 3 117 M 401 M 401 M
Net income 2021 752 M 96,8 M 96,8 M
Net Debt 2021 2 361 M 304 M 304 M
P/E ratio 2021 8,32x
Yield 2021 2,98%
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Nbr of Employees 628
Free-Float 22,0%
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Number of Analysts 4
Last Close Price 1,81 HKD
Average target price 3,57 HKD
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Chong Man Lee Co-Chief Executive Officer & Executive Director
Tai Hong Au Yeung Co-Chief Executive Officer & Executive Director
Kam Shing Chan Chief Financial Officer & Secretary
Yee Chun Lam Executive Chairman
Siu Yuen Lo Chief Operating Officer & Executive Director
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