C CARBONNEUTRAL (01372) signs a letter of intent to acquire a stake in Zhongnonghaidao.

Announcement from C Carbonneutral (01372) was made that on May 30, 2025, the Group officially signed an acquisition letter of intent with the shareholders of China AgriSea Rice (Shenzhen) Biotechnology Co., Ltd. (AgriSea Rice). The acquisition price for the target shares will be further negotiated. The signing of this acquisition letter of intent marks a new milestone for the Group in the expansion of its comprehensive utilization business in salt-alkali land, and has profound strategic significance. AgriSea Rice, as a leading domestic enterprise in the research and industrial application of salt-alkali tolerant crops technology, possesses core technologies and abundant resources that provide a solid foundation for the Group's business layout. If this acquisition is successfully completed, the two parties will achieve deep synergy in areas such as ecological governance of salt-alkali land, cultivation of salt-alkali tolerant crops, and development of carbon sink assets, with great potential to significantly enhance the Group's core competitiveness in green low-carbon transformation. This will lay a solid foundation for the Group in the global carbon neutrality race, bringing long-term stable financial returns and consolidating the overall interests of the Group and its shareholders. The Board of Directors believes that the signing of this acquisition letter of intent is an important step in the strategic development of the Group, accelerating the implementation of innovative technologies for salt-alkali land governance, building a sustainable carbon sink development and operation system, and transforming salt-alkali land from "ecological negative assets" to "carbon-positive assets." This will enhance the level of regional green ecological construction, further enrich the Group's applications in dual carbon business scenarios such as carbon asset development, carbon trading, carbon planning, green finance, ESG information disclosure, and create new business growth opportunities and value enhancements for the company.