About CHIHO ENV Company

Qihe Environmental Group Co., Ltd. (“Qihe Environmental”, stock code: 976) is a global leader in the recycled metals and environmental protection industry. It is mainly engaged in the collection, recycling, disassembly, sorting and treatment of mixed scrap metals and other resources to recover reusable resources including black and non-ferrous metals, precious metals, plastics, paper and components. The Group can dispose of industrial scrap metals including steel, iron, copper, aluminum, and other scrap metals from the manufacturing industry, end-of-life vehicles and electrical appliances, factories and buildings after demolition, household and industrial electronic waste, and municipal solid waste. Currently, the Group's business covers more than 30 countries and regions in Europe, Greater China and North America, and has more than 200 material yards, including metal treatment facilities equipped with a one-stop system integrating collection, concentration, sorting and treatment. In addition, Qihe Environmental Protection sells high-quality scrap metal, scrap circuit boards and other products to various end users around the world, including copper refineries, foundries, smelters, steel mills, and manufacturers of aluminum and copper products. At the end of 2016, the Group completed the acquisition of Scholz Holding GmbH (“Scholz”). Scholz is one of the world's largest mixed metal recyclers and has advanced end-of-life vehicle disposal capabilities. After more than 100 years of refining, Scholz has developed a number of advanced technologies, making it one of the few companies in the world that can handle and recycle many types of materials. Qihe Environmental hopes to reduce dependence on natural resources and environmental impact through urban mining and resource recycling.