Gelonghui, April 15 | China Carbon Neutrality (01372.HK) announced that the Group has signed a strategic cooperation framework agreement with Cambodia Khmer First Investment Holding Group Co., Ltd. (“Khmer Holding Group”) to jointly develop the construction of green new energy systems in Cambodia and neighboring countries, including decentralized clean energy and smart energy systems, and build a comprehensive renewable energy supply system using solar energy, wind energy, geothermal energy and biomass energy. This includes but is not limited to: centralized and decentralized photovoltaic power generation, wind power generation, building automation system optimization, motor frequency conversion, air conditioning energy-saving transformation, boiler energy-saving optimization transformation, waste heat utilization, lighting transformation, etc. Adhering to the purpose of “common development and honest cooperation” through joint use of their respective advantages, the following cooperation content is carried out:
According to the agreement, the two sides jointly promoted the establishment of an international carbon asset exchange in Cambodia. The two sides jointly developed the construction of urban green transportation energy systems in Cambodia and neighboring countries, including the construction of new energy transportation systems and city-level charging and switching systems. The two sides are jointly promoting the establishment of an international digital asset exchange in Cambodia. Through cooperation with Khmer Holding Group, the Group will introduce advanced international digital asset trading technology and management experience to jointly build a safe, efficient and transparent international digital asset trading platform. Jointly promote the issuance of licenses and regulations for the use of renewable energy resources in Cambodia, put forward strict standards in terms of technology, management and environmental protection, and promote the legal and efficient recycling, treatment and reuse of renewable resources locally. The two sides jointly developed Cambodia to provide ecological management solutions to promote environmental protection and improvement, help ecological balance, achieve high-quality development, and ultimately promote the sustainable development of Cambodia's ecological environment, including environmental restoration, afforestation and greening, atmospheric treatment, sewage treatment, and soil and water conservation. The Group assists Khmer Holding Group to strengthen the training of carbon neutral management personnel in industry, agriculture and other fields, and assist governments at all levels and related enterprises to establish carbon neutral management teams.
According to reports, Khmer Holding Group was founded in 2010. It is a wholly-owned management group limited by Khmer Resources Investment Holding Group Co., Ltd. registered with the Ministry of Commerce of Cambodia. It has full authority to establish related industrial investment companies on behalf of “Khmer Resources”. Khmer Holding Group is headquartered in Phnom Penh. The main investment areas cover six major industries: culture, education, publishing and media, financial securities, telecom operation and satellite navigation services, mining development, urban planning and construction, and agricultural investment. Investment industries include the coal industry, geological exploration and mining, urban planning and construction and real estate development, banking and securities, communications operations, radio and television, entertainment, tourism, etc.
The board of directors believes that the strategic cooperation framework agreement signed between the Group and Khmer Holding Group will help promote ecological construction and promote the harmonious development of man and nature. The Board believes this partnership will bring sustainable business growth and financial returns to the Group