On the 18th of November, Hann-Ocean Energy signed a two-year strategic investment agreement with the representatives of Sutong Science & Technology Park (STP). This action determined the orientation of future development and ambition in China.

On the 8th of November 2014, the shareholders of Hann-Ocean Group attended the Extraordinary General Meeting at the R&D headquarters in Singapore. Future business strategies, business plans and investments have been elaborated. The main topic on the “Go-China” investment plan has been approved.

The Sutong Science & Technology Park is located at the northern part of Su Tong Bridge, which is connecting Shanghai and the Southern parts of Jiangsu. Based on the successful project on China-Singapore Suzhou Industrial Park, STP did also introduce Singapore’s advanced concepts in their development plans by implementing international mechanisms. The advantages drawn from this concept provided STP a strategic position in “An International Enterprise Park and Eco-friendly City in the Yangtze Delta”.

As a pioneer in the ocean renewable energy field, Mr. Henry Han received an interview from Singapore Lianhe Zaobao to elaborate the Drakoo Wave Energy Convertor invention.

As a rapid developing area in Shanghai, Lingang Industrial Zone consists of: a Heavy Equipment Manufacturing Area, International Logistics Park, Comprehensive Industrial Zone, four towns with all the facilities for living and the Sanxin Park. The site is located at the tip of the peninsula between the Yangtze and Qiantang rivers, about 60 kilometers south-east of downtown Shanghai.

The engineering team of Hann-Ocean Energy set off on the 4th of June to Shanwei for a resource assessment on wave energy. As a potential site for wave energy, Shanwei is located in the coastal area of the south-eastern Guangdong Province. It is facing southwards to the South China Sea with a 302 kilometres long coastline, and a total of 93 islands in the vicinity.