Changes in Hong Kong stocks | Guofu Hydrogen Energy (02582) rose nearly 5% in early trading, the company announced a total H share repurchase plan with a total limit of HK$50 million

The Zhitong Finance App learned that Guofu Hydrogen Energy (02582) rose nearly 5% in early trading. As of press release, it had risen 3.46% to HK$28.72, with a turnover of HK$42.88,800.

According to the news, Guofu Hydrogen Energy announced that the board of directors has decided that from the date of the announcement until the expiration of the general authorization to repurchase, the company will buy back the company's H shares from time to time on the Stock Exchange's open market, with a total repurchase limit of HK$50 million, depending on market conditions and the rules of the general authorization to repurchase.

Notably, Guofu Hydrogen Energy recently signed an official contract with South Korea's BTE and Hylium in South Korea to cooperate in the development and manufacture of proton exchange membrane power generation module products from natural gas reforming hydrogen. According to the agreement, the product consists of natural gas reforming hydrogen production equipment supplied by the company and fuel cell power generation equipment supplied by BTE, and will be sold to US data centers through Hylium's wholly-owned subsidiary in the US.