On February 19, Jinjing Xinneng Holdings Co., Ltd. (hereinafter referred to as “Jinjing Xinneng Group”) issued a cooperation announcement with Hefei Guoxuan Hi-Tech Power Energy Co., Ltd., a wholly-owned subsidiary of Guoxuan Hi-Tech Co., Ltd. (hereinafter referred to as “Guoxuan Hi-Tech”). The two sides signed a memorandum of cooperation to jointly develop and promote energy storage business and reverse logistics business (such as battery recycling) on a global scale. Jinjing Xinneng Group has joined hands with Guoxuan Hi-Tech to set up overseas markets, which will help the Group gradually establish a global service system for recycling and recycling of power batteries, which will continue to empower the company's core business segment while expanding its brand's global influence.

Jinjing Xinneng Group will carry out in-depth cooperation with Guoxuan Hi-Tech's wholly-owned subsidiary in multiple dimensions, mainly including the joint establishment of Guoxuan Jinjing Low Carbon Research Institute to jointly conduct joint research on new battery energy storage systems (BESS) technology and business models, jointly develop low-carbon technology and carry out technical support and consulting services related to low carbon technology, and jointly promote R&D innovation, industrial application and market transactions of low carbon technology on a global scale, and joint development and promotion of the power battery recycling and recycling market and related logistics solutions.

In this cooperation, the two sides will use their respective resource advantages and collaborative development to jointly develop and expand the energy storage and battery recycling markets to provide their customers with sustainable green power solutions on a global scale. As a leading enterprise in the domestic and foreign power battery industry, Guoxuan Hi-Tech has now successfully built a mature industrial chain and an international production, research and sales system, and has established a solid leading position in the global new energy lithium battery industry. With nearly 40 years of cooperation channels and resource advantages in Hong Kong, Jinjing Xinneng Group has gradually established a recyclable commercial operation model with smart buildings and green transportation as the core business, and sustainable solutions for power batteries as the key to empowering the business. At the same time, as the first green energy company to obtain a full license for the disposal, transportation and export of power batteries in Hong Kong, Jinjing Xinneng Group already has multiple competitive advantages in the local ESG field, such as compliance, innovation, and market pioneering.

In the context of the era of “carbon neutrality” globalization, Jinjing New Energy Group will start from Hong Kong to actively deploy overseas green energy markets and continue to develop the recycling and recycling business of power batteries. This joint cooperation with Guoxuan Hi-Tech is conducive to consolidating the Group's green transformation development position, further strengthening the competitive advantage of its core business, and laying a solid foundation for the creation of a global service system for recycling and recycling lithium batteries.

In the future, Jinjing Xinneng Group will always adhere to the concept of sustainable circular development. Through continuous market exploration, green innovation technology, and industrial chain collaboration, recycled power batteries can be used in more diverse energy products and intelligent energy-saving service scenarios to provide leading and integrated smart energy solutions for the global green transformation.