Core Insights - Wang & Lee Group has become the first Hong Kong company to distribute shareholder dividends using cryptocurrency mined from its solar battery crypto farms, highlighting its leadership in integrating renewable energy with blockchain technology [1][2]. Group 1: Sustainability and Innovation - The company utilizes excess clean energy from its solar farms to mine cryptocurrency, ensuring minimal carbon footprint and addressing environmental concerns associated with traditional mining practices [2]. - CEO Mr. Ho emphasized the transformative nature of this initiative, aiming to redefine value delivery by merging sustainability with shareholder returns, and highlighted a successful US$100 million deal in crypto mining [3]. Group 2: Dividend Mechanism - Shareholders will receive cryptocurrency dividends generated from the solar farm's mining operations, which can be converted to fiat currency, reinvested in the company's expansion, or redeemed within Wang & Lee's ecosystem for various products [6][7]. - The distribution of mined cryptocurrency is facilitated through a regulated digital wallet platform, ensuring transparency and reduced transaction costs [8]. Group 3: Shareholder Engagement and Protection - The company aims to protect shareholders' interests by using crypto dividends to identify and exclude those who have purchased fake shares from naked short sellers, thereby promoting integrity within the shareholder base [3]. - The initiative aligns with ESG principles, appealing to ethically driven investors and fostering loyalty while accelerating the adoption of sustainable technologies [8]. Group 4: Company Overview - Wang & Lee Group is a leader in renewable energy infrastructure and blockchain solutions, operating solar farms across Asia and focusing on innovations that promote ecological and economic progress [9].

Core Insights - Wang & Lee Group, Inc. has announced a collaboration to establish Hong Kong's first solar-powered crypto battery farm, a US$100 million project that integrates renewable energy with crypto-mining innovation [1][5] - The project aims to utilize Hong Kong's solar resources, with average annual solar irradiance of 3.8–4.2 kWh/m²/day, which is competitive compared to other regions [1][6] - The initiative is positioned as a sustainable solution for both crypto-mining and community energy supply, supporting Hong Kong's 2050 Carbon Neutrality goals [4][10] Project Overview - The solar-powered crypto battery farm will span seven land plots and is designed to power on-site blockchain mining operations, establishing Hong Kong as a leader in low-carbon crypto infrastructure [3][4] - Renewable electricity generated will be distributed to local communities, reducing reliance on fossil fuels [4] - The project leverages advanced lithium-ion battery technology developed in partnership with City University of Hong Kong to ensure energy stability [4][7] Strategic Advantages - The project aligns with ESG-focused investors seeking sustainable revenue streams and offers a scalable model that can be replicated globally [9][10] - High-efficiency solar panels and battery storage systems are expected to achieve competitive yields, even in areas with lower solar intensity [10] - The initiative converts idle agricultural land into revenue-generating assets, benefiting rural communities [10]

Core Insights - Wang & Lee Group, Inc. has announced a collaboration to establish Hong Kong's first solar-powered crypto battery farm, a US$100 million project that integrates renewable energy with crypto-mining innovation [1][8] - The project aims to utilize Hong Kong's solar resources, which have an average annual solar irradiance of 3.8–4.2 kWh/m²/day, to drive sustainable crypto-mining and supply clean energy to local communities [1][6] Project Overview - The facility will power on-site blockchain mining operations, positioning Hong Kong as a leader in low-carbon crypto infrastructure [4] - Renewable electricity generated will be distributed to villages in the New Territories, supporting Hong Kong's 2050 Carbon Neutrality goals [5] - The project integrates advanced lithium-ion battery systems to ensure 24/7 energy stability for both mining and community energy supply [5][7] Strategic Advantages - The project aligns with ESG-focused investors seeking sustainable revenue streams and offers a scalable model for global replication [9][10] - High-efficiency solar panels and storage systems are designed to mitigate irradiance gaps, achieving competitive yields comparable to desert-based projects [10] - The initiative converts idle agricultural land into revenue-generating assets, benefiting rural communities and landowners [10]

Core Insights - Wang & Lee Group, Inc. (WLGS) has announced the acquisition of Solar (HK) Limited for approximately HK$15 million, aiming to enhance its renewable energy initiatives by integrating SolarHK's solar expertise with its lithium-ion battery projects [1][6] Group 1: Acquisition Details - The acquisition is valued at around HK$15 million and is part of WLGS's strategy to advance Hong Kong's transition to renewable energy [1] - SolarHK, established in 2019, specializes in solar photovoltaic (PV) system design, installation, and green energy project approvals, aligning with Hong Kong's sustainability goals [2][9] Group 2: Strategic Synergies - The acquisition will create synergies between WLGS's lithium-ion battery research and SolarHK's solar technology, allowing for integrated energy storage and solar solutions across various sectors [3] - SolarHK operates in over 50 locations in Hong Kong, enhancing WLGS's market reach and service delivery capabilities [3] Group 3: Technological Collaboration - WLGS's partnership with Linko Smart Technology Limited will provide SolarHK's clients with access to IoT-enabled services, including AI-powered smart home assistants and energy management systems [4] Group 4: Leadership Perspectives - The CEO of WLGS emphasized that the acquisition is a significant step towards advancing clean energy ecosystems and reducing carbon footprints [5] - The founder of SolarHK highlighted the potential for innovation and scaling through the partnership with WLGS, aiming to accelerate renewable energy commercialization [5] Group 5: Future Plans - The transaction is expected to finalize within a week, with plans to expand SolarHK's service offerings and introduce advanced energy storage systems and smart technologies [6] - This initiative aligns with Hong Kong's 2050 carbon neutrality targets and global sustainability trends [6]

Core Insights - Wang & Lee Group, Inc. (WLG) has acquired Solar (HK) Limited for approximately HK$15 million, aiming to enhance its renewable energy capabilities and integrate solar technology with its lithium-ion battery initiatives [7][10][12]. Company Overview - Wang & Lee Group specializes in sustainable technologies, focusing on energy storage systems and smart infrastructure, and collaborates with academic and industry leaders to address climate challenges [14]. - Solar (HK) Limited, established in 2019, is a pioneer in renewable energy in Hong Kong, providing comprehensive solar solutions including design, installation, and maintenance [15]. Strategic Synergy - The acquisition is expected to create synergies between WLG's battery research and SolarHK's solar technology, allowing for integrated energy storage and solar solutions across various sectors [10][12]. - SolarHK has a broad coverage with over 50 locations in Hong Kong, enhancing WLG's market reach and service delivery capabilities [10]. Technological Advancements - WLG plans to leverage its partnership with Linko Smart Technology Limited to provide IoT-enabled services to SolarHK's clients, enhancing energy management and efficiency [11]. - Post-acquisition, WLG intends to expand SolarHK's service offerings, introducing advanced energy storage systems and smart technologies [13]. Leadership Statements - The CEO of WLG emphasized that the acquisition is a significant step towards advancing clean energy ecosystems and reducing carbon footprints in Hong Kong [12]. - The founder of SolarHK noted that the partnership will enhance their capacity for innovation and accelerate the commercialization of renewable energy [12].

Core Viewpoint - Wang & Lee Group, Inc. is collaborating with Cystar Limited and City University of Hong Kong to develop a large lithium-ion battery pack specifically for electric bicycles, which will also have applications in the automotive and robotics industries [1][2][6] Group 1: Collaboration and Development - The partnership aims to create a cost-effective, safe, and powerful lithium-ion battery pack with a 52-voltage rating and a power output of 500 W tailored for electric bicycles [2] - This collaboration represents a significant advancement in green energy technologies, focusing on sustainable and efficient power sources for urban mobility [2][6] Group 2: Technological Innovations - The innovative battery pack will utilize a specialized electrolyte combination to ensure exceptional electrochemical stability, enhanced capacity, and superior cycling performance [3] - The pouch-type lithium-ion battery design offers advantages in weight reduction and performance compared to traditional cylindrical cells, addressing challenges in energy density, safety, and longevity [5] Group 3: Environmental Impact and Market Appeal - The eco-friendly nature of this lithium-ion battery technology aligns with global sustainability initiatives, appealing to eco-conscious consumers and businesses [4] - The collaboration is positioned to capitalize on the increasing demand for quality batteries in the automotive and robotics industries, contributing to the future of sustainable mobility [6]

Core Viewpoint - Wang & Lee Group, Inc. is collaborating with Cystar Limited and City University of Hong Kong to develop a cutting-edge lithium-ion battery pack for electric bicycles, emphasizing innovation and sustainability in green energy technologies [1][2][5]. Group 1: Collaboration and Development - The partnership aims to create a cost-effective, safe, and powerful lithium-ion battery pack with a 52-voltage rating and a power output of 500 W, specifically designed for electric bicycles [2]. - This collaboration represents a significant advancement in green energy technologies, focusing on the research and development of energy storage solutions [6]. Group 2: Technical Features and Advantages - The innovative battery pack will utilize a specialized electrolyte combination, ensuring exceptional electrochemical stability, enhanced capacity, and superior cycling performance, optimized for electric bicycles and energy-intensive transportation [3]. - The pouch-type lithium-ion battery design offers substantial advantages in weight reduction and performance compared to traditional cylindrical cells, addressing key challenges in electric bike technology such as energy density, safety, and longevity [5]. Group 3: Environmental Impact and Market Position - The eco-friendly and sustainable nature of this lithium-ion battery technology aligns with global sustainability initiatives, appealing to eco-conscious consumers and businesses [4]. - The collaboration is positioned to capitalize on the increasing demand for quality batteries in the automotive and robotics industries, marking a significant milestone in the transition towards clean and efficient urban transportation solutions [6].

Core Viewpoint - Wang & Lee Group, Inc. has announced a strategic collaboration with City University of Hong Kong to develop kinetic technology aimed at converting human movement into renewable energy, highlighting a commitment to sustainability and innovation [4][5][9]. Group 1: Collaboration and Objectives - The partnership signifies a shared dedication to environmental conservation and sustainable practices [5]. - The project aims to transform energy generated by footsteps into off-grid electricity, promoting renewable energy generation in an engaging manner [7][9]. - The collaboration seeks to create educational experiences that raise awareness about Environmental, Social, and Governance (ESG) principles [8]. Group 2: Technological Impact - The research and development of kinetic technology represents a significant step towards a sustainable future, potentially revolutionizing energy production and consumption patterns [9]. - The project is expected to set a new standard for sustainable energy solutions by leveraging human kinetic energy [9]. Group 3: Current Initiatives - Wang & Lee is completing the design and installation of energised panels for Hangseng Bank at its headquarters in Central, Hong Kong, located on a heavily trafficked pedestrian footbridge [10]. - The company is considering issuing an ESG bond in Luxembourg to raise funds for furthering this project [10].

Core Insights - Wang & Lee Group, Inc. has announced a strategic collaboration with City University of Hong Kong to develop kinetic technology aimed at converting human footsteps into renewable energy [1][2][3] - The partnership emphasizes a commitment to environmental conservation and aims to promote renewable energy generation through innovative solutions [2][4] - The project will not only focus on technological advancements but also on educating stakeholders about Environmental, Social, and Governance (ESG) principles [3][4] Company Developments - Wang & Lee Group is in the process of designing and installing energised panels at Hangseng Bank's headquarters in Central, Hong Kong, specifically on a heavily trafficked pedestrian footbridge [5] - The company is considering issuing an ESG bond in Luxembourg to raise funds for furthering the kinetic technology project [5]

Hong Kong, Feb. 13, 2025 (GLOBE NEWSWIRE) -- Wang & Lee Group is delighted to announce the signing of a Memorandum of Understanding (MOU) with Jinshan Hi-Tech Group, a pioneer in cutting-edge environmental technologies. This collaboration marks a significant milestone in the journey towards introducing the third generation of overall solutions for the harmless treatment of domestic waste in Hong Kong. The partnership between Wang & Lee and Jinshan Hi-Tech Group signifies a shared commitment to revolutionizi ...