luigimansionarcade| China Resources Pharmaceutical (03320.HK): China Resources Sanjiu and China Resources Power entered into a cooperation agreement on proposed cooperation on new energy projects

Glonghui May 16 丨 China Resources Pharmaceutical (03320luigimansionarcade.HK) issued an announcementluigimansionarcade, on May 15, 2024, China Resources Sanjiu (000999)(an indirect non-wholly owned subsidiary of the company) and China Resources Power discussed relevant new energy projectsluigimansionarcadeA cooperation agreement will be entered into for the proposed cooperation of the company, and the term will start from May 15, 2024 to December 31, 2024. According to the cooperation agreement, China Resources Sanjiu and China Resources Power have agreed to cooperate with each other on new energy power generation projects ("New Energy Projects") in the following manner for the "drug-light complementary" photovoltaic power generation project and other new energy projects that have obtained development rights.

It is expected that the proposed cooperation with China Resources Power Group on new energy projects will help improve the Group's layout in the traditional Chinese medicine industry chain, enhance the Group's core capabilities upstream of the traditional Chinese medicine industry chain, and further strengthen the Group's sustainable development capabilities and market competitiveness in the traditional Chinese medicine industry chain by grasping the layout and advantageous resources of the local Chinese medicine production areas. are consistent with the Group's development plan in the traditional Chinese medicine industry chain.