HydrogenPro ASA has shared news of a significant investment agreement with LONGi Hydrogen Technology (Xi'an) Co., Ltd. The agreement involves a conditional equity investment of approximately NOK 70 million. The announcement follows the ODI regulatory approval obtained by LONGi Hydrogen in China to proceed with the investment. As per the terms, LONGi Hydrogen is set to acquire 12,703,209 new shares in HydrogenPro ASA at a price of NOK 5.50 per share. The funds received will be allocated towards general corporate purposes within the company. However, the finalization of the investment is contingent upon the approval of the board of directors of HydrogenPro ASA, as well as the registration of the share capital increase in the Norwegian Register of Business Enterprises. This development marks a significant milestone in the collaboration between the two entities and signifies a positive step towards advancing hydrogen-related initiatives.