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On the evening of March 6, Junzheng Group announced that it had signed a \"Strategic Cooperation Framework Agreement for the Alxa Wind and Solar Hydrogen Production and Green Energy Integration Project\" with Alxa League. The agreement states that in order to further deepen cooperation on the coordinated and high-quality development of the Alxa League and Wuhai City, through friendly consultations between the Alxa League Administrative Office and Junzheng Group, it has been decided to take advantage of the Alxa League Administrative Office’s abundant wind and solar resources, land resources, and solid industrial infrastructure. By combining these advantages with Junzheng Group’s capabilities in using coal as a fuel in its own power plants, its needs for green fuels in the shipping industry, as well as its strengths in terms of funding and management, a project for producing hydrogen from wind and solar energy along with other forms of green energy is to be established within the Alxa League. According to the announcement, the Alxa wind and solar hydrogen production and green energy integration project will be implemented in two phases. Phase 1 is expected to require an investment of 2.48 billion yuan, while Phase 2 will need an investment of 16.88 billion yuan; the total investment is estimated at around 19.36 billion yuan. The project aims to build a wind and solar power generation facility with a capacity of 4.03 million kilowatts, including new hydrogen production facilities capable of producing 1.5 billion Nm3 of hydrogen per year, as well as facilities for producing 300,000 tons of green methanol and 600,000 tons of green synthetic ammonia per year, in addition to projects aimed at replacing traditional industries with green alternatives. According to Junzheng Group, the project will be implemented in two phases. The investment for the first phase, which is a pilot project, amounts to 2.48 billion yuan: it includes the construction of a new energy facility with a capacity of 200,000 kilowatts as part of the integrated wind and solar hydrogen production pilot project, as well as an electrolysis unit for hydrogen production with a capacity of 81 million Nm3 per year, and a facility for producing green ammonia at a rate of 50,000 tons per year. The total investment for these elements is 1.07 billion yuan ； The renewable energy replacement project for coal-fired captive power plants involves the construction of new energy facilities with a capacity of 280,000 kilowatts, requiring an investment of 1.41 billion yuan. The total investment for the second phase of the project is 16.88 billion yuan. It includes the second phase of the integrated wind and solar hydrogen production project, which involves the construction of wind and solar power generation facilities with a capacity of 3.55 million kilowatts. Additionally, it includes the installation of hydrogen production equipment capable of producing 1.419 billion Nm3 of hydrogen per year, as well as facilities for producing 300,000 tons of green methanol and 550,000 tons of green synthetic ammonia per year. Junzheng Group stated that the signing of this agreement is in line with **relevant industry policies and the company’s long-term development strategy. If the project is implemented successfully, it will further strengthen and expand the company’s comprehensive competitive advantages within its existing industrial chain, which is in the interest of the company and all its shareholders. The signing of this agreement will not have a significant impact on the company’s operating revenue and net profit for the year 2025; its effect on future financial conditions and operational results will depend on the progress and implementation of the project. Junzheng Group stated that this agreement is merely a framework agreement for the strategic cooperation between the two parties, serving as a draft document outlining the intentions for such cooperation; it has no legal binding force. The scale of construction and the investment amount related to the projects mentioned in the agreement are preliminary estimates.