Tesson Holdings Limited Announces Strategic Expansion into EV Charging and New Energy Sectors

Date: 16 March 2026
Company: Tesson Holdings Limited (Stock Code: 1201)

Key Highlights for Investors

• Significant Equity Support: Tesson Holdings recently completed an equity fundraising exercise, issuing 100 million new shares. Notably, 75 million shares were subscribed by Double Key International Limited, the controlling shareholder. This substantial subscription underscores Double Key’s confidence in Tesson’s growth prospects and strengthens their collaborative partnership.
• Use of Proceeds: Net proceeds from the fundraising are intended for loan repayment, exploring new business opportunities, and general working capital, which has helped the Group reduce its financial burden and positioned it to expand into emerging markets.
• Strategic Entry into EV Charging Sector: Leveraging policy support and increasing EV adoption in Hong Kong, Tesson has entered the electric vehicle (EV) charging infrastructure market. The Group acquired seven ultra-fast EV charging stations from Sino Express Intelligence Company Limited, who has also become a substantial shareholder in Tesson Sino Express Intelligence Power (Hong Kong) Limited, a key operational subsidiary for private vehicle charging stations.
• Potential Synergy with Core Battery Business: The new Charging Station Business is expected to create strong sales channels for Tesson’s existing lithium ion motive battery products, enhancing cross-selling opportunities and overall business synergy.
• Proposed Acquisition of Advanced EV Charging Equipment: Tesson intends to acquire a photovoltaic storage charging and checking system (PV Storage Checking System) from Fujian Contemporary Nebula Technology Energy Co., Ltd. (FCN). These systems, when installed, are expected to increase charging efficiency, facilitate real-time monitoring of EV battery status, and will be deployed in new charging stations planned for 2026.
• Challenges in the Lithium Ion Battery Market: Despite a challenging market environment in China—marked by oversupply, reduced subsidies, and aggressive pricing—Tesson continues to expand its sales network and has entered into framework agreements with multiple potential customers.
• Possible Fundraising Activity: The Company is considering an additional fundraising activity to finance the establishment of new charging stations. No binding agreement has been signed yet, but any material developments will be announced in accordance with listing rules.

Material and Price-Sensitive Matters for Shareholders

• Strategic Expansion into EV Infrastructure: The move into the rapidly growing EV charging market marks a significant business development, aligning Tesson with government incentives and the broader green technology trend.
• Potential Fundraising: Any new fundraising, if materialized, could have a dilutive impact but would also provide capital for expansion, which may positively or negatively affect share value depending on the terms and market response.
• Framework Agreements Not Yet Binding: The sale of lithium ion battery products under recent framework agreements depends on actual purchase orders, as there are no legally binding commitments from potential customers. This introduces some revenue uncertainty.
• Deployment of Advanced Technology: The adoption of photovoltaic storage and checking systems could enhance operational efficiency and user experience, strengthening Tesson’s competitive position in the EV charging market.
• Synergy Potential: The integration of the charging station business and battery sales creates cross-selling opportunities that could drive both top-line growth and operational leverage.
• Transaction Regulatory Status: The acquisition of the charging stations from Sino Express did not trigger notifiable transaction disclosure thresholds under Chapter 14 of the Listing Rules, indicating the transaction size is currently non-material for compliance purposes.

Investor Guidance

The Board emphasizes that the proposed acquisition of equipment, deployment of EV charging infrastructure, and possible fundraising activities may or may not materialize. Additionally, framework agreements for battery sales are non-binding. Shareholders and investors are advised to exercise caution when dealing in the Company’s securities.

Board Composition

As of the date of the announcement, the Board comprises seven executive directors (Ms. Cheng Hung Mui, Mr. Wei Mingren, Mr. Chan Wei, Ms. Yu Xiaolei, Mr. Li Jingquan, Mr. Li Yang, Mr. Li Yuqi) and three independent non-executive directors (Dr. Ng Ka Wing, Mr. See Tak Wah, Mr. Wang Jinlin).

Disclaimer: The above article is for informational purposes only and does not constitute investment advice. Shareholders and investors are advised to make their own assessment and consult with their financial advisors before making any investment decisions. The realization of proposed plans, acquisitions, and fundraising is subject to market conditions, regulatory approval, and may not proceed as described. Tesson Holdings Limited will make further announcements as required by the Listing Rules.

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