New Eason unit to develop grid control, low‑carbon dispatch tools

Eason Technology Announces the Formation of New Subsidiary, Four Ele Industrial Intelligent Tech to Target Power Energy, Energy Networks and New Energy Storage Facilities Scenarios

Eason Technology (NYSE American: DXF) formed a new wholly owned subsidiary, Four Ele Industrial Intelligent Tech, to expand its digital technology into power energy, energy networks and new energy storage facilities.

The subsidiary will develop, operate, acquire and license advanced energy technologies, initially focusing on power dispatch control and grid loss monitoring, with future goals in carbon-emission monitoring and low‑carbon dispatch decision support.

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Following this news, DXF has declined 2.87%, reflecting a moderate negative market reaction. Argus tracked a peak move of +65.5% during the session. Argus tracked a trough of -19.9% from its starting point during tracking. Our momentum scanner has triggered 15 alerts so far, indicating notable trading interest and price volatility. The stock is currently trading at $0.67. This price movement has removed approximately $66K from the company's valuation.

Data tracked by StockTitan Argus (15 min delayed). Upgrade to Gold for real-time data.

Pre-news, DXF was down 12.55% while only one scanned peer (LPRO) appeared in momentum data, down about 3.07% with no news. Other listed peers showed mixed moves, indicating stock-specific dynamics rather than a coordinated sector rotation.

DXF often reacts strongly to compliance and financing headlines, with generally aligned price moves on clearly positive or negative news and a notable divergence on a management/strategy update.

Over the last six months, Eason has mixed regulatory and strategic developments. A January 2026 NYSE American warning letter and a Form 20-F with a going-concern emphasis highlighted compliance and funding risk. The company simultaneously pursued aggressive equity issuance and clean-energy exposure, including a US $1.0 million fund investment. A May 401(d) statement followed unusual trading. Today’s new energy-focused subsidiary continues the shift toward real estate, digital, and clean-energy applications seen in these prior filings and transactions.

This announcement highlights Eason’s continued strategic shift into power energy, grid technologies, and new energy storage via a wholly owned subsidiary. It follows earlier clean-energy fund investment and management changes geared toward new application areas. Recent filings also flagged going-concern uncertainty, NYSE American compliance issues, and substantial share issuance, underscoring financing and governance risk. Investors may watch how quickly Four Ele secures commercial projects, how it leverages existing customer relationships, and whether future filings show improved cash resources and operating scale.

HONG KONG, June 1, 2026 /PRNewswire/ -- Eason Technology Limited ("Eason" or the "Company") (NYSE American: DXF), today announced the launch of a new wholly owned subsidiary, Four Ele Industrial Intelligent Tech. The Company plans for Four Ele Industrial Intelligent Tech to extends its digital technology development to power energy, energy networks and new energy storage facilities across diverse commercial scenarios.

Four Ele Industrial Intelligent Tech has been established to serve as a focused platform for the Company's strategy to develop, operate, identify, acquire, and license advanced energy technologies, with an initial emphasis on power dispatch control system and grid component loss monitoring solution. The initiative is centered on sourcing differentiated and underutilized energy technologies through a range of Self-developing, licensing, and partnership channels.

The Company believes the power and energy sector is undergoing a period of significant transformation, driven by growing global industrial manufacturing spending, the rapid adoption of Ai intelligent technology. The Company intends to accelerate commercialization through its established customer base.

Eason's CEO Stanley He commented, "While improving the efficiency of power energy, energy networks, and infrastructure, the company views monitoring carbon emissions in the power grid and developing an auxiliary decision-making system for low-carbon dispatch as its next-phase development goal—an important direction also of global concern within the industrial sector."

Eason Technology Limited is a company engaged in real estate operation management and investment and digital technology security business in Hong Kong, China.

Certain statements made in this release are "forward looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words "estimates," "projected," "expects," "anticipates," "forecasts," "plans," "intends," "believes," "seeks," "may," "will," "should," "future," "propose" and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company's control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, are the ability to manage growth; ability to identify and integrate other future acquisitions; ability to obtain additional financing in the future to fund capital expenditures; fluctuations in general economic and business conditions; costs or other factors adversely affecting our profitability; litigation involving patents, intellectual property, and other matters; potential changes in the legislative and regulatory environment; a pandemic or epidemic. The forward-looking statements contained in this release are also subject to other risks and uncertainties, including those more fully described in the Company's filings with the Securities and Exchange Commission, which are available for review at www.sec.gov. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. Such information speaks only as of the date of this release.

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SOURCE Eason Technology Limited