About C CARBONNEUTRAL Company

China Carbon Neutrality Development Group Co., Ltd. (China Carbon Neutrality for short) conforms to the global trend of responding to climate change through carbon neutrality and the “carbon peak 2030 and carbon neutrality by 2060” national strategy proposed by China, focusing on basic industries with negative carbon emissions as the core and financial asset management fields with carbon asset development and management as the core. Based on the Group's current civil engineering, building construction and maintenance business, we aim to become a leading enterprise in the “carbon neutrality” field in the Hong Kong capital market, China. Facing investment opportunities in green industries of more than 100 billion yuan and market opportunities brought by new asset classes centered on carbon assets, the company will build a new type of company in the field of carbon neutrality, create a sustainable and high-profit business model through collaborative development and management of basic industries and new types of assets, create value for shareholders, and contribute to humankind's response to climate change. On March 10, 2021, the Company and the China Forestry Ecological Development Promotion Association (the “Promotion Association”, a national-level association approved by the State Council of China and headed by the State Forestry and Grassland Administration) signed the “Strategic Cooperation Agreement” (“Strategic Agreement”). The two sides agreed to set up a cooperative organization to establish a regular meeting system and an effective communication mechanism to exchange business information and cooperation in a timely manner. The heads of the two sides formed a leading group, and the Hong Kong departments of China formed a joint office, which is specifically responsible for coordinating, promoting cooperation matters, and organizing implementation. Strategic agreements allow the company to cooperate with national institutions with rich resources, provide a foundation for the implementation of the company's strategic goals, and form the company's unique competitive advantage. For details, please refer to the announcement on March 10, 2021.