• Dragon Rise annual report for FY2025/26 outlined a shift toward higher-margin foundation contracts while scaling a commercial EV battery-swapping platform.
• Battery-swapping unit began trial operations at Hong Kong’s first CATL Choco-Swap station in Fanling in Q2 2026, targeting more than 10 sites by end-2027.
• First batch of Hongqi E-QM5 battery-swapping taxis delivered in June 2026, with deployments supported by an operating system already installed in more than 200 taxis.
• Expansion beyond taxis advanced via a supply agreement for battery-swapping trucks with a Hong Kong terminal operator, signed in Q2 2026.
• MoU signed in May 2026 to develop a battery-swapping ecosystem for electric commercial vehicles with an automotive trader tied to a major PRC truck maker.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Dragon Rise Group Holdings Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260721-12250713), on July 21, 2026, and is solely responsible for the information contained therein.