The Board is Accel Group Holdings Limited announced that the Company's wholly-owned subsidiary, Accel Green Building Limited ("Accel Green Building"), has reached a consensus on future new energy construction projects and entered into a strategic cooperation framework agreement with Wing Lee Engineering (Asia) Limited ("Wing Lee Asia") (the "Framework Agreement") on 24 December 2021, in order to actively promote business development for each other and jointly create green business opportunities. Pursuant to the Framework Agreement, Accel Green Building and Wing Lee Asia will work together in new energy construction projects in the future to create business opportunities. In addition, Accel Green Building has entered into a solar panel installation contract earlier with Wing Lee Construction and Engineering Company Limited, with a contract value of approximately HKD 12 million. The Group is given to understand that the project is currently one of the large solar power generation projects in Hong Kong. It is expected that, upon the completion, approximately 1,125,000kWh of power will be generated per year, and approximately 650 tonnes of carbon emissions will be reduced effectively for Hong Kong per year.