Gelonghui, April 9 | China Carbon Neutrality (01372.HK) announced that the Group's subsidiary, Henan Zailiang Renewable Energy Recycling Co., Ltd., successfully won the bid for BYD Group's Sanyuan waste lithium iron battery recycling project today.

The board of directors believes that the successful investment in the BYD Group's lithium battery recycling project shows that the Group has become a shortlisted company for the BYD Group. Continued business cooperation in the future will bring sustainable business growth and financial returns to the Group, lay a good foundation for other business expansion with the BYD Group, and further consolidate the overall interests of the Group and its shareholders.