A new strategic chapter as Hans' Energy Group completed the acquisition of the controlling entity

Hong Kong, 12 November, 2025: Sino Golf Holdings Limited (stock code 00361.HK), hereinafter referred to as “Sino Golf Holdings” or the “Company,” announced that Hans’ Energy Group has completed the closing of the acquisition of the controlling equity interest in the Company. This transaction marks Hans’ Energy Group becoming the controlling shareholder, and both parties will jointly enter a new stage of coordinated development and value co-creation.

The completion of this acquisition represents a milestone in Sino Golf Holdings Limited’s development history. As an enterprise engaged in multiple sectors, including intelligent sanitation equipment manufacturing, intelligent sanitation operation services, automobile trading, and clean energy, Hans’ Energy Group has consistently responded to national policy directions and carried out in-depth, multi-level industrial ecosystem investment, accumulating extensive industrial operation experience and strong resource integration capabilities.

In the sanitation equipment sector, Hans’ Energy Group has participated in the mixed-ownership reform of central state-owned enterprises, acquiring a controlling equity interest in Shenzhen Dongfeng Automobile Co., Ltd. It is now engaged in the research, development, manufacturing, and sales of high-end sanitation-specific equipment, autonomous driving, and new energy special-purpose vehicles. At the same time, Shenzhen Dongfeng Environmental Co., Ltd. was established by leveraging Shenzhen Dongfeng’s strong research and development, manufacturing, and after-sales service capabilities. The Group has now entered the track of market-oriented reform of urban and rural sanitation in China, building a one-stop industrial service chain integrating “sanitation equipment manufacturing + operation services + environmental governance,” and is committed to enhancing the level of urban and rural environmental sanitation services. In the clean energy sector, the Group has invested in and constructed multiple hydropower stations that are clean, energy-saving, and in line with the national green energy development strategy, and has actively explored and developed emerging clean energy fields such as photovoltaics and wind power. In the automobile trading segment, the Group has become one of the largest national group strategic distributors of Dongfeng Commercial Vehicles. In response to the national call for strategic emerging industries and by seizing opportunities in the future industrial revolution, driven by the dual forces of deep transformation in the energy industry and technological innovation, and relying on its strong resource endowment and capital advantages, Hans’ Energy Group has also expanded into the low-altitude, high-end medical devices, and autonomous driving sectors. Through a dual-wheel-drive model of “industry + technology,” the Group has started a new chapter in the transition from traditional energy to new productive forces.

The Board of Directors welcomes the strategic investment by Hans’ Energy Group and is confident in future cooperation. The Company believes that, with the support of Hans’ Energy Group, Sino Golf Holdings Limited will be able to effectively seize market opportunities, break through development bottlenecks, enhance core competitiveness, and create sustainable value for shareholders and employees.

Sino Golf Holdings Limited will continue to uphold a prudent operating philosophy and coordinate with Hans’ Energy Group to formulate long-term development strategies, promote dual enhancements in corporate governance and business development, deliver stronger performance to reward shareholders’ trust, and contribute to industry advancement and social development.