Clean Energy Technologies, Inc. (Nasdaq: CETY) (“CETY” or the “Company”), a clean energy technology company delivering scalable solutions in power generation, storage, waste-to-energy, and heat-to-power, today provided an update regarding its investment in a convertible bond issued by China Ruifeng Renewable Energy Holdings Limited (Stock Code: 00527.HK) (“China Ruifeng”), a company listed on The Stock Exchange of Hong Kong.
As previously disclosed, CETY entered into a purchase agreement to acquire a portion of a convertible bond issued by China Ruifeng.
On February 9, 2026, China Ruifeng publicly announced that it, through its wholly owned subsidiary Leading Win Resources Limited (“LWR”), entered into a non-binding investment framework agreement with the Management Committee of the Xuanhua Economic Development Zone in Zhangjiakou City, Hebei Province, People’s Republic of China. The framework agreement contemplates LWR investing a total of approximately US$ 3.4 billion to initiate the the potential development of a large-scale artificial intelligence computing center project in Xuanhua District (the “Project”), subject to the execution of definitive agreements, regulatory approvals, and other customary conditions.
The Project contemplates the phased development of an artificial intelligence computing center integrated with renewable power supply and energy storage infrastructure. China Ruifeng has disclosed that the Project is intended to support high-density computing workloads and may include a grid-side energy storage facility utilizing lithium iron phosphate technology, with initial operations targeted to launch in 2028.
CETY is not a party to the investment framework agreement and has not entered into any definitive agreement with China Ruifeng or its affiliates in connection with the proposed Project. The Company notes that projects of this nature typically require advanced energy infrastructure solutions, including reliable power generation, energy storage, and efficiency measures, which align with CETY’s existing technology focus and long-term strategic objectives. In addition, CETY’s experience in energy infrastructure development and its familiarity with the U.S. market position the Company to evaluate potential areas of alignment with LWR, or their affiliates, including with respect to technology applications and market access considerations in the United States. Any potential future engagement by CETY in connection with the Project, if any, would be subject to further evaluation and the execution of definitive agreements, and there can be no assurance that any such engagement will occur.
