[Caihua Social News] China carbon Neutralization (01372.HK) announced that its subsidiary, China carbon Green Development (Shenzhen) Co., Ltd. has recently opened a national voluntary emission reduction and emissions trading registration account and completed the opening of carbon emissions trading accounts in Beijing Green Exchange and Shanghai Environmental Energy Exchange.

The successful opening of the account prepares for voluntary emissions reduction trading and emission rights trading in the national carbon market, together with the announcement of the opening of accounts in Shenzhen Emission Exchange on July 13, 2021 and the opening of accounts on the two major global voluntary emission reduction trading platforms (Gold Standard and Verra) on April 29, 2021, which marks the basic completion of the construction of multi-level infrastructure for trading and management of carbon assets within the Group and internationally. It is an important part of the Group's active development, trading and management of global carbon assets.

The board of directors believes that obtaining the national voluntary emission reduction and emissions trading registration account and opening the trading account of Beijing Green Exchange and the trading account of Shanghai Environmental Energy Exchange will further enhance the Group's competitive position as a carbon asset developer and trader and carbon asset manager in the domestic and foreign carbon market. it will bring more business opportunities for the group's carbon asset operation and management business development and trading as the core.