1. The investment event company announced that it signed a letter of intent for strategic cooperation with the Wuxi Rural Development and Revitalization Investment Fund (Limited Partnership). 2. Analyze and judge the joint layout of the strong for rural revitalization. The company and the Wuxi Rural Development and Revitalization Investment Fund (Limited Partnership) gave full play to their complementary advantages in the field of rural revitalization industry and recently signed a “Letter of Intent for Strategic Cooperation”. The two sides plan to jointly fund the establishment of a fund focusing on industrial development and project investment for rural revitalization. They are committed to better implementing the rural revitalization strategy, promoting the improvement of the rural habitat environment, and promoting the development of leisure agriculture and rural tourism. Implementing the rural revitalization strategy is a major strategic plan made by the 19th National Congress of the Party. Currently, China's economy is in the process of converting old and new kinetic energy, and the new momentum for integrated urban and rural development has huge potential, and there is an urgent need to cultivate and release it. The Central Committee of the Communist Party of China and the State Council issued the “Rural Revitalization Strategic Plan (2018-2022)”, which lays out specific arrangements for implementing the first five years of the rural revitalization strategy. If this cooperation is successfully implemented, it is expected to improve the company's ability to undertake business and enhance the company's core competitiveness and industry influence by accumulating experience in project construction and operation. The company responds positively to the national policy layout for rural revitalization, and has great potential for future development. Leading the way in garden solid waste treatment, Muqu organic mulching helps build a beautiful China. The company started from solving the pain points of urban garden waste, combined with ecological and environmental protection development and changes in market demand, and launched the innovative product “Mufun” organic covering to the market in 2017 through years of independent research and development. Muqu is a new type of organic surface cover, mainly from organic waste such as landscaping, etc., developed after recycling and related technical treatment. It is known as an “urban vacuum cleaner”. It has the effects of regulating soil physico-chemical properties, increasing soil fertility, maintaining soil moisture, regulating temperature, suppressing weeds, reducing dust, beautifying cities, and controlling PM2.5. It provides solutions to the treatment problems of urban garden waste in China. It is of great significance for promoting ecological balance and future beautification of the natural environment. As the only A-share listed company that has joined the American Wood Quan Industry Association (MSC) and has passed the Forest Stewardship Council (FSC) global network certification, Meishang Ecology has rapidly grown into a leading producer of organic mulches in China, relying on advantages such as financial strength and industrial collaboration. In 2018, the company's Muqu organic covering products have been successfully sold to more than 28 provinces and 50 cities across the country, and are gradually becoming the new favorite of high-end real estate landscape projects, municipal greening projects, and ecological restoration projects. In order to rapidly expand the scope of business, promote technological upgrading, and expand market share, the company invested in the establishment of a holding subsidiary, Wuxi Muqu Technology Co., Ltd. in January 2019. In March 2019, the company completed a new round of fixed increases. Part of the capital raised will be used to purchase ecological recycling equipment for garden green waste, with the aim of increasing the production capacity of Muqu organic cover. At the same time, the company collaborated with the solid waste treatment and resource utilization research team of China Agricultural University to carry out in-depth research and development on the resource utilization of landscaping waste. The application of organic mulches in China is still in its infancy, and the market potential is huge. It is estimated that the domestic demand for organic mulches will be around 20 billion yuan per year. 3. The investment recommendation predicts that the company's EPS for 2019-2020 will be 0.77/0.99 yuan/share, and PE will be 17/14 times, respectively, giving it a “recommended” rating. Risk warning: the risk of a sharp decline in fixed asset investment; the risk that business development falls short of expectations; the risk of unsatisfactory recovery of accounts receivable.