The board of directors of the China Carbon Neutral Development Group Limited announced that the Group has entered into a strategic co-operation framework agreement with Khmer First Investment Holding Group Co., Limited under which the two parties will jointly develop the construction of green new energy systems in Cambodia and the neighbouring countries, which include decentralised clean energy and smart energy systems, and the construction of integrated renewable energy energy energy supply systems utilising solar, wind, geothermal and biomass energy. These include, but are not limited to, centralised and decentralised photovoltaic power generation, wind power generation, building automation system optimisation, motor inverter, air conditioning energy-saving renovation, boiler energy-saving renovation, system energy-saving optimisation, residual heat utilisation, lighting renovation, and so on. By jointly leveraging their respective strengths and adhering to the principle of "common development and sincere cooperation", the following co-operation will be carried out: According to the agreement, the two sides will jointly promote the establishment of an international carbon asset exchange in Cambodia, and jointly develop the construction of urban green transport and energy systems in Cambodia and neighbouring countries, including the construction of new energy transport systems and city-level charging and switching systems. The two sides will jointly promote the establishment of an international digital asset exchange in Cambodia.

Through the co-operation with Khmer Holdings Group, the Group will introduce advanced international digital asset trading technology and management experience, and jointly build a safe, efficient and transparent international digital asset trading platform. To jointly promote the licensing and regulation of renewable energy resource utilisation in Cambodia, and to propose stringent standards in terms of technology, management and environmental protection, so as to promote the legal and efficient recycling, treatment and reuse of renewable resources in the country. The two sides will jointly develop Cambodia to provide ecological management solutions, promote environmental protection and improvement, contribute to the ecological balance and 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, soil and water conservation and other areas.

The Group assists Khmer Holdings Group to strengthen the training of carbon neutral management personnel in the fields of industry, agriculture and other areas, and assists governments at all levels and relevant enterprises to establish carbon neutral management teams. The Board is of the view that the signing of the strategic co-operation framework agreement between the Group and the Khmer Holdings Group will be conducive to the promotion of ecological construction and the harmonious development of mankind and nature. The Board believes that the co-operation will bring sustainable business growth and financial returns to the Group and lay a good foundation for other business expansion, which will further strengthen the interests of the Group and the shareholders of the Company as a whole.