C CARBONNEUTRAL(01372) announces the latest developments in its business expansion.

C CARBONNEUTRAL(01372) announced the latest developments in its business operations. In terms of renewable resources business, the group has partnered with leading companies such as CHINA TOWER, China Renewable Resources, and Eve Energy Co., Ltd. to jointly promote the construction of a lithium battery recycling circular economy ecosystem and implement the national "dual carbon" strategic goals. Combining the online platform "Seeking Lithium Network" with blockchain traceability technology, they are co-building a standardized and efficient lithium battery recycling system. Currently, the "Seeking Lithium Network" is accelerating the construction of a national Wuxi Online Offline Communication Information Technology Co., Ltd. integrated recycling network based on "9 comprehensive processing bases, 80 central warehouses, and 5,000 recovery points," covering key regions such as Hubei, Hunan, Henan, Jiangxi, Guangdong, Zhejiang, and others. It is estimated that the annual recycling volume of waste batteries and black powder can reach 50,000 tons; partnering with multiple battery manufacturers, the monthly transaction volume can reach 800,000 units; the monthly funding scale for the comprehensive utilization of waste lithium batteries has exceeded 30 million RMB, with an estimated annual funding scale of 500 million RMB. In terms of applications, the group provides approximately 20,000 sets of customized power battery low-speed vehicle leasing services to the distribution and transportation industry, and is also developing county-level energy storage microgrids to improve the efficiency of energy utilization in urban and rural areas as well as power supply stability. Through these initiatives, the group and its partners are jointly creating a sustainable lithium battery circular economy ecosystem, promoting complementary resource disposal capabilities, deepening technological research and development in the dual carbon field, and innovating carbon asset development models. The board believes that the development of the renewable resources business will enhance the group's industrial closed loop in battery recycling, comprehensive utilization, and energy storage fields, strengthening its comprehensive competitiveness in the carbon neutrality industry chain and bringing sustainable business growth and financial returns to the group. In terms of digital green carbon asset innovation business, the group is leveraging the core advantages of the carbon coin project to actively layout in the global carbon market, actively engage with international mainstream carbon credit certification mechanisms, conduct in-depth discussions on core issues such as the connection of carbon coins with international carbon credit standards, achieving cross-regional mutual recognition of carbon credits, and expanding cooperation channels in the global carbon market, with a focus on improving the universality and circulation of carbon coins, helping to break down regional barriers in the international carbon market, promote cross-border flow of carbon assets, and stimulate global green capital vitality. Moreover, based on the carbon coin project, the group is promoting deep integration of green finance with Web3 technology and the RWA track, achieving digitalization and standardization of carbon assets circulation. Several transactions have already been completed at prices ranging from 30 to 40 USD per ton, and carbon coins effectively address the pain points of traditional carbon credit trading processes, lack of liquidity, and high thresholds, enhancing transaction efficiency and market liquidity. The expansion of this business will further enrich the group's application scenarios in the field of carbon asset development and trading, strengthen the group's competitiveness and influence in the global carbon market, open up new sources of income, enhance overall valuation and market recognition, and lay a solid foundation for future cross-border green finance business. Regarding the development of ecological governance business, the group continues to expand low-carbon ecological environmental protection business based on its rich experience in ecological construction projects. Recent key initiatives include: - Accelerating the innovation and implementation of salt-alkali land governance technologies in Xinjiang, Jiangsu, and Henan, to build a sustainable carbon sink development and operation system and transform salt-alkali land from "ecological negative asset" to "carbon sink positive asset". - Coordinating comprehensive governance work covering water supply, sewage treatment, recycled water utilization, sludge disposal, and watershed ecology in Guiyang, Changsha, Ukraine, and other areas, constructing a "water environment carbon sink-carbon asset-carbon finance" closed-loop system to comprehensively address environmental issues in the urbanization process and provide high-level services for the ecological environment concerns of the government and the public. Through these initiatives, the group further enriches the application scenarios of dual carbon businesses such as carbon asset development, carbon trading, carbon planning, green finance, ESG information disclosure, etc., creating new opportunities for business growth and value enhancement for the company. The board believes that the expansion of ecological governance business will help the group solidify the foundation of carbon asset development, expand the market influence of dual carbon businesses, and bring sustainable returns to shareholders and investors.