C CARBONNEUTRAL (01372) signed a comprehensive strategic cooperation agreement with the People's Government of Huaxian County and successfully implemented the first project.

CARBONNEUTRAL (01372) announced that on March 23, 2026, the group officially signed a "Strategic Cooperation Agreement" with the Huaxian People's Government. The two parties will leverage their respective advantages in regional governance, policy guidance, resource integration, carbon neutrality comprehensive services, new energy technology applications, and digital technology to jointly promote the development of a green, low-carbon, circular economy in the county and build a long-term stable strategic partnership. The Huaxian People's Government is the administrative agency of Huaxian County, Henan Province, with rich agricultural, transportation, and energy industry application scenarios, actively promoting high-quality economic and social development and green transformation in the region. Huaxian has comprehensive abilities in industrial planning, policy guidance, and resource integration, making it an ideal partner to explore low-carbon development models in the county. According to the agreement, the two parties will deepen cooperation in the following key areas: 1. Dual carbon planning and carbon emission control: Assist Huaxian in conducting a carbon emission inventory, dual carbon path planning, and establishing a carbon control system for key industries, enhancing the local government's carbon governance capabilities. 2. Smart energy and microgrid construction: Jointly promote the planning and construction of urban microgrids and smart energy management systems to enhance the region's energy efficiency and renewable energy consumption capacity. 3. Electrification of transportation and closed-loop battery management: For centralized operation vehicles such as buses and heavy trucks, promote the iteration of power batteries, hierarchical utilization, and closed-loop management, and jointly build a distributed charging and swapping network. 4. Exploration of electrification in agricultural machinery: Explore the technical path and demonstration applications of "oil-to-electricity" conversion in agricultural machinery, promoting energy conservation and emission reduction in the agricultural sector. 5. Ecological co-construction of circular economy industries: Jointly build the industrial ecology of the county's circular economy around waste material recovery, resource recycling, and green supply chain. 6. Carbon asset development and model innovation: Combined with the forestry, agriculture, and new energy resources of Huaxian, jointly develop carbon sink assets, explore digital management and financial applications of carbon assets. As the first landing project of the strategic cooperation, the first phase of the smart charging project for microgrids jointly promoted by the group and the Huaxian People's Government officially started on April 24, 2026, and is expected to be operational in early May. The project adopts the "replacement instead of charging" model, with approximately 300 food delivery riders and 1,000 residents served daily. This strategic cooperation is a positive response to the national "dual carbon" strategy, and it is also an important practice for the group to bring carbon neutrality comprehensive services down to the county level. The rapid implementation of the smart charging project for microgrids fully demonstrates the group's efficient execution from the signing of the agreement to the project commencement, as well as the compatibility of the technical solution with the actual needs of the county. The cooperation is expected to bring multiple strategic values to the group: 1. Explore the county's carbon neutrality market: Huaxian, as a typical agricultural county, has abundant carbon sink resources and new energy application scenarios, providing new growth space for the group's carbon asset development, smart energy, and circular economy businesses. 2. Build a replicable "county dual carbon service" business model: Through this cooperation, the group will form a comprehensive solution covering planning, technology, data, carbon assets, and finance for the county, with the ability to expand to other counties nationwide. 3. Strengthen carbon asset development and digital capabilities: Combined with Huaxian's agricultural, forestry, and photovoltaic resources, develop multiple types of carbon credits and realize asset rights and circulation through the group's blockchain and digital trading platform. 4. Enhance brand influence and policy synergy: Deep cooperation with the county-level government will help the group establish a good reputation at the local government level, laying the foundation for subsequent government orders and policy support.