CNGR Co. Ltd. and PT Aneka Tambang Tbk signed a strategic cooperation agreement in Jakarta, Indonesia, on a joint construction and development of the Industrial Park project. This cooperation will adopt the newest technology of nickel production lines construction to commit to carbon reduction and green development.

According to the agreement and based on the Company's vision and mission, the two parties will use their advantages in technology and resources to improve the cost competitiveness of the project, develop and construct the Industrial Park, and use advanced OESBF (oxygen- enriched side-blown furnace) technology to process laterite nickel ore. The mining and smelting production lines are planned to achieve an annual capacity of total 80,000 tons of nickel in matte, which will produce battery-grade raw materials for new energy/electric vehicles. This project will maximize and facilitate the promotion and application of green energy in order to reduce carbon emissions.