The Board of Directors of Cornerstone Technologies Holdings Limited announce that on 12 January 2023, the first EV-charging Project under EHSS that was awarded to Cornerstone EV Charging on 6 May 2022 has been successfully completed. The project covers a total of 302 parking spaces, fully subsidized under the scheme for the installation of EV-charging-enabling infrastructure, facilitating EV owners to install EV chargers in their own parking spaces within the car park. The Board is of the view that the completion of the first EHSS project is one of the many important milestones of the Company, paving its path towards sustainable growth within the EV-charging ecosystem.

The Company will continue to capture market share in EHSS as well as develop its various business segments in building an integrated and extensive charging network across Hong Kong, further strengthening its leading position in the industry.