The event showcased the successful grid connection of the project and was graced by Mr. Tang Wei, Deputy Director of Nanjing Economic & Technological Development Zone, Mr. Marco Morea, Plant Manager of NjP1, Mr. Rainer Osswald, BMS of Bosch GR, Mr Glenn Lim, CEO of NEFIN, Mr Chong Bor Hung, MD of NEFIN SEA and Head of Business Development, and delegates from Jiangsu Integrated Energy Service Group Co., Ltd.

The Bosch Automotive Aftersales Nanjing Park Energy Storage Project (hereinafter referred to as the "Project") stands as a flagship initiative for NEFIN in the field of green energy. NEFIN is committed to furthering collaborations with the world's top 100 companies in green energy initiatives and views this important milestone as a model for future projects.

The Project boasts a substantial installed capacity of 2MW/4MWh, enabling daily electricity savings of 8,000 kWh for customers and a reduction in overall electricity consumption costs. Additionally, the Project also works with the customer's existing photovoltaic power station, enhancing the efficiency of the photovoltaic system and increase the proportion of green electricity within the factory. NEFIN plans to delve into the practical application disparities between liquid cooling and air cooling technologies, advancing research on energy storage technology efficiency and championing the green and low-carbon transformation for customers.

With the increasing importance of environmental protection, the adoption of energy storage technology has emerged as a pivotal driver for clean energy development. Recognizing this, NEFIN positions itself at the forefront of the new energy industry's evolution and aligns its efforts with China's dual carbon goal. Rooted in a commitment to achieving carbon neutrality for its customers, NEFIN tailors bespoke carbon neutrality solutions based on the specific operational needs of its clients. Upholding rigorous standards and a dedication to excellence, NEFIN remains steadfast in its pursuit of a sustainable and green future.

Hashtag: #NEFIN

The issuer is solely responsible for the content of this announcement.

About NEFIN

NEFIN is a premium green independent power producer (IPP) offering bespoke carbon-neutral technologies & financing solutions in Asia Pacific. NEFIN, together with JV partner ACEN Corp., has worked with numerous multinational corporations and large local businesses, delivering renewable energy solutions at utility-scale, commercial and industrial levels. ACEN is listed in the Philippines (PSE: ACEN) and is part of the Ayala Corporation, one of the largest conglomerates in the Philippines, founded by the Ayala family in 1834.

Leveraging its diverse, cross-functional team, NEFIN provides comprehensive energy efficiency assessments and a full suite of services to evaluate the ESG impact and commercial viability of projects through innovative approaches to technology under its unified energy management platform.

With a mission of "Achieving Carbon Neutrality for You", NEFIN is committed to the global climate goals and aims to accelerate the decarbonisation of our client portfolios. Recent advancements include NEFIN's expansion to encompass battery storage solutions and the exploration of additional methods to offset carbon for our clients. NEFIN believes the future of the world is everyone's responsibility and strives to redefine energy boundaries towards a sustainable future.

Please refer to NEFIN's website www.nefinco.com for more information and follow us at https://www.linkedin.com/company/nefin/.

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