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Shanghai REFIRE Group Ltd. Class H ( (HK:2570) ) has issued an update.
Shanghai REFIRE Group Limited, a PRC joint stock company listed in Hong Kong and active in the hydrogen fuel cell and clean energy equipment market, held its 2025 annual general meeting in Shanghai on May 18, 2026. All directors attended either in person or electronically, and treasury shares were excluded from voting to ensure compliance with PRC Company Law, the Articles of Association and Hong Kong Listing Rules.
Shareholders approved all eight ordinary resolutions by poll, including the 2025 board work report, audited consolidated financial statements, annual report and profit distribution plan. They also reappointed Ernst & Young as auditors, endorsed financial assistance, credit facilities and guarantees for subsidiaries in 2026, and passed changes to the use of proceeds from the global offering and subscriptions, signaling continued support for the group’s capital allocation and subsidiary financing strategy.
The most recent analyst rating on (HK:2570) stock is a Buy with a HK$80.00 price target. To see the full list of analyst forecasts on Shanghai REFIRE Group Ltd. Class H stock, see the HK:2570 Stock Forecast page.
More about Shanghai REFIRE Group Ltd. Class H
Shanghai REFIRE Group Limited is a PRC-incorporated joint stock company listed in Hong Kong, operating in the clean energy and fuel cell technology sector. The company focuses on developing and supplying hydrogen fuel cell systems and related solutions, serving industrial and transportation markets aligned with China’s energy transition policies.
Average Trading Volume: 818,915
Technical Sentiment Signal: Sell
Current Market Cap: HK$3.45B
See more insights into 2570 stock on TipRanks’ Stock Analysis page.