About C CARBONNEUTRAL Company

China Carbon Neutrality Development Group Co., Ltd. (China Carbon Neutrality for short) follows the global trend of achieving carbon neutrality to combat climate change and the “2030 carbon peak and 2060 carbon neutrality” national strategy proposed by China, focusing on the basic industry sector with negative carbon emissions as the core and the financial asset management field with carbon asset development and management as the core. Based on the Group's current civil engineering, building construction and maintenance business, it strives to become a leading enterprise in the “carbon neutral” field in the capital market of Hong Kong, China. Faced with more than 100 trillion yuan of investment opportunities in green industries and market opportunities brought about by new asset classes centered on carbon assets, the company will build a new type of company in the carbon-neutral field, create a sustainable and high-yield business model through collaborative development between basic industries and new asset development and management, create value for shareholders, and contribute to humanity'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 a “Strategic Cooperation Agreement on Carbon-Neutral Development” (“Strategic Agreement”). The two parties agreed to establish a cooperative organization, agreed to establish a regular meeting system and 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 department set up a joint office to specifically coordinate and advance cooperation matters and organize implementation. The strategic agreement allows the company to cooperate with resource-rich national institutions, 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 of March 10, 2021.