Pengyao Environmental Protection: The scale of SAF and HVO related businesses in the Panjin project is still small, and their contribution to the overall operating performance of the company is limited.

Pengyao Environmental Protection announced on the interactive platform on July 22 that the current scale of the SAF and HVO related business in the Panjin project is still small and contributes limited to the overall operating performance of the company. Moreover, there is great uncertainty in the progress of the SAF white list declaration work. The company has been continuously coordinating with various levels of competent authorities to actively promote the white list declaration process. However, the internal procedural details such as the audit subdivision links and declaration bottlenecks are not mandatory disclosure requirements under the information disclosure rules, so it is not convenient to provide detailed information at this time. Currently, the primary focus of the Panjin project is to ensure the continuous and stable operation during the pilot production phase, and to fully verify the reliability of the overall process and equipment performance. The development of the SAF business will be based on a foundation of smooth production and solid data, and will be carried out in a steady manner as part of a long-term plan at an appropriate time.