Hong Kong, March 03, 2025 — Wang & Lee Group, Inc. (WLGS) has acquired Solar (HK) Limited (“SolarHK”) through a share allotment valued at approximately HK$15 million. The acquisition, announced today, aims to combine SolarHK’s solar expertise with WLG’s lithium-ion battery projects to further Hong Kong’s renewable energy transition.

SolarHK: A Leader in Renewable Energy

Since its founding in 2019, SolarHK has been a key player in expanding renewable energy use in Hong Kong. The company provides complete services, including solar photovoltaic (PV) system design and installation, green energy project approvals, and emissions management. SolarHK supports the Hong Kong SAR government’s sustainability objectives by offering comprehensive solutions for residential and commercial customers, enabling participation in programs like the Feed-in Tariff (FiT) scheme.

SolarHK’s notable projects include installations at:

  • 青衣船廠 (Tsing Yi Shipyard)
  • 利維大廈 (Liven House, Kwun Tong)
  • 港興混凝土有限公司 (Quon Hing Concrete Manufacturer, Tsing Yi – a subsidiary of New World Development)
  • 出入易迷你倉 (In n Out Storage, Aberdeen)
  • 錦田沙律之家 (Kam Ting Maison De Charlotte, Yuen Long)
  • 西貢莫遮輋 (Mok Tse Che, Sai Kung)

Strategic Alignment and Growth

This acquisition is expected to create synergy between WLG’s lithium-ion battery research, developed with City University of Hong Kong, and SolarHK’s solar technology and broad network. With SolarHK’s presence in over 50 locations throughout Hong Kong, WLG is well-positioned to offer integrated energy storage and solar solutions for commercial, industrial, and residential clients.

Collaboration with Linko: Improving Smart Solutions

Through WLG’s partnership with Linko Smart Technology Limited (), a tech innovator, SolarHK’s customers will gain access to IoT-enabled services. Linko will implement AI-driven smart home assistants and energy management systems, boosting efficiency and sustainability for homes and businesses using SolarHK’s infrastructure.

Leadership Statements

Mr. Ho, CEO of Wang & Lee Group, said:
“This acquisition is a key step in our goal to advance clean energy ecosystems. SolarHK’s proven success and local expertise complement our battery tech, enabling complete solutions that lower carbon footprints and support Hong Kong’s green future.”

Mr. Gary Chik, Founder of SolarHK, added:
“Joining WLG enhances our ability to innovate and expand. Together, we will speed up the commercialization of renewable energy, providing real benefits for our clients and the community.”

Finalization and Future Plans

The transaction is expected to be complete this week. Following the acquisition, WLG intends to broaden SolarHK’s service offerings, using synergies to introduce advanced energy storage systems and smart technologies, in line with Hong Kong’s 2050 carbon neutrality goals and global sustainability trends.

About Wang & Lee Group, Inc.

Wang & Lee Group specializes in sustainable technologies, including energy storage systems and smart infrastructure. WLG is committed to providing innovative solutions to address climate challenges through collaborations with academic and industry leaders.

About Solar (HK) Limited

Established in 2019, SolarHK is a Hong Kong-based renewable energy company that provides complete solar solutions, including design, installation, certification, and maintenance, to help clients achieve energy independence and sustainability.

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This press release includes forward-looking statements that involve risks and uncertainties. Actual results may differ significantly.

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