Zhitong Finance App News, Joint Water (603291.SH) announced that the company intends to subscribe for 10,000 series A convertible preferred shares newly issued by United Earth4Earth Holding (“E4e” or the “target company”) using its own capital of RMB 30 million (converted to US dollars) in cash through its wholly-owned subsidiary United Water (International Investment) Co., Ltd. After this investment, the company will hold 100% of all Series A convertible preferred shares issued by the target company, accounting for 50% of the total issued shares (common share+Series A convertible preferred shares) of the target company.

According to reports, E4e is a company registered in the Cayman Islands. It is mainly engaged in carbon emission reduction, carbon conversion, carbon capture, carbon sequestration technology research and development, production and sales of new carbon-absorbing materials. Carbon capture, utilization and storage technology is a direct and effective technology for achieving “carbon neutrality”. Currently, it is still in the development stage. As technology development and commercialization processes accelerate, future market demand prospects are huge. Investing in E4e will help the company quickly lay out relevant green and low-carbon technology fields and further explore specific application scenarios.