Yueyang Forest & Paper announcement, wholly-owned subsidiary Chengtong Carbon recently participated in the public bidding (third time) for the procurement of services for the CCER afforestation carbon sink development project in Huaihua City, and became the winning bidder. The service period is from 2024 to 2044. Based on the current domestic carbon trading prices, it is estimated that there will be at least net income of 80 million yuan during the cooperation period.