United Hydrogen Group Inc., a comprehensive hydrogen solution company based in Shanghai, China, announced a definitive business combination agreement with Aimei Health Technology Co., Ltd for a business combination that will result in United Hydrogen operating through a publicly-traded holding company on the Nasdaq Stock Market. Founded in 2017, United Hydrogen provides a range of hydrogen solutions spanning energy production, storage, transportation, and various business applications, with a focus on delivering sustainable and integrated solutions for a cleaner future. The company's revenue in 2023 surged by 144%, reaching approximately US$13.1 million, showcasing its rapid growth and market demand. United Hydrogen's strategic approach involves offering customized energy solutions, leveraging local advantages for hydrogen facility operations, providing tailored storage and transportation services, and offering hydrogen-powered equipment for logistics players. The company emphasizes building strong partnerships with industry leaders, adopting cutting-edge technologies, and maintaining advanced digital systems for efficient business operations. The management team's experience and expertise in the hydrogen industry, coupled with a flexible business model, have been key factors in United Hydrogen's success. The transaction with AFJK values the combined company at an estimated US$1.6 billion, with United Hydrogen's shareholders expected to own approximately 94% of the shares in the new holding company, Pubco. The agreement, subject to shareholder approval, is anticipated to close in the third quarter of 2024, signaling a significant milestone for United Hydrogen's continued growth and market expansion.