CLP and TGOOD to Form Joint Venture to Develop Electric Vehicle Charging Infrastructure in Greater Bay Area

CLP Holdings Limited (CLP) and Qingdao TGOOD Electric Company Limited (TGOOD) are pleased to announce plans to establish a joint venture in Mainland China to invest in charging infrastructure network. The partnership aims to accelerate green transport, the construction of smart charging networks and development of the electric vehicle industry. The planned joint venture will be formed by CLP’s wholly-owned subsidiary CLP Energy Investment (Shenzhen) Limited (CLP Energy) and TGOOD’s subsidiary TELD New Energy Company Limited (TELD New Energy). Please see attached.