PENGO HLDG GP (01865) plans to establish a joint venture in Shenzhen and invest in research and development of supramolecular (deep eutectic) new energy technology.

PENGO HLDG GP (01865) announced that on November 10, 2026, the Company entered into a cooperation framework agreement letter of intent with Changzhou Qianmu New Energy Co., Ltd. Both parties committed to establishing a comprehensive and long-term partnership, under which the cooperating parties will fully integrate and deploy their respective core competitive advantages in capital strength, industrial resources, market channels, technology research and development, and industrial chain support, and jointly promote the research and development iteration, commercialization, and large-scale industrial development of cutting-edge new energy technologies. This cooperation will cover product development, business consulting services, marketing promotion, and technological innovation. The two parties intend to establish a joint venture company in Shenzhen and invest in the research and development of supramolecular (deep eutectic) new energy technology, and on this basis carry out diversified business cooperation. In the battery field, the two parties intend to jointly develop lithium metal battery products with high safety and high energy density, targeting high-value special application scenarios such as drones, aerospace, and electric vertical take-off and landing aircraft (eVTOL); they will simultaneously promote the external industrialization of deep eutectic flame-retardant electrolyte technology and jointly develop high-safety energy storage system solutions suitable for industrial and commercial scenarios. In the battery circular economy segment, leveraging the foundation of green lithium battery recycling processes, the two parties intend to jointly advance circular industry projects such as the separation of materials from retired power batteries, efficient metal extraction, and regeneration of cathode materials. The two parties may adopt various flexible cooperation models, including technology licensing, joint research and development, joint construction of production lines, and interconnection and docking of market resources, to advance the implementation of various projects. This strategic cooperation will also help the Group broaden its reserve of industrial resources, improve its upstream and downstream industrial chain layout, and optimize channels for connecting with external industrial financing, thereby consolidating the Group's development foundation in the new energy sector.