Northern New Energy Re-classified as "New Energy Materials" under HSICS

Jun 05, 2017 13:55 JST

Source: Northern New Energy Holdings Limited

More Accurately Reflects the Group's Principal Business Development Direction

HONG KONG, Jun 05, 2017 - (ACN Newswire) - Northern New Energy Holdings Limited ("Northern New Energy" / the "Group", stock code: 8246) announced that its classification under the Hang Seng Industry Classification System ("HSICS") has been changed from "Restaurants" to "New Energy Materials". The change can better reflect the Group's development focus on new energy business.

HSICS is a comprehensive industry classification system designed for the Hong Kong stock market. It meets the need for a detailed industry classification that can reflect the performance of stocks in different sectors. Northern New Energy is currently classified under the "New Energy Materials" subsector in the "Industrial Engineering" sector under the "Industrials" industry.

Northern New Energy is ready to explore the huge potential of the new energy industry that has the benefit of favourable national policies. The Group will expand its business model from Tianjin to more areas and actively identify capable partners and suitable acquisition opportunities to broaden its customer base, enlarge market share and bring maximum returns to shareholders.

Northern New Energy Holdings Limited
Northern New Energy Holdings Limited ("Northern New Energy") formerly known as Noble House (China) Holdings Limited, is a company listed on the GEM Board of the Hong Kong Stock Exchange since 2011 (stock code: 8246). By end of 2015, the Group ventured into new energy business, plus R&D of related technologies and also construction engineering. The Group is also engaged in the operation of restaurants, provision of management services, and sale of processed food and seafood. In 2015, the Group has further diversified its business into property investment.

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Source: Northern New Energy Holdings Limited
Sectors: Daily Finance, Daily News