Gelin Mei announced that the holding subsidiary Gelin Recycling and Henan Recycling Technology Industry Group signed the “Agreement on the Acquisition of 100% Shares in Jiangxi Gelin Recycling Materials Co., Ltd.”. Greene Cycle transferred 100% of its shares in Gelin Recycling Materials, a wholly-owned subsidiary engaged in electronic waste recycling and plastic recycling business, to Henan Recycling Group. The share transfer amount was 280 million yuan, and the debt transfer price was 682 million yuan. After the share transfer is completed, the company will no longer hold shares in Gelin Circular Materials. The expected return on investment from this transaction is approximately RMB 10 million.

Gelin Mei announced that the holding subsidiary Gelin Recycling and Henan Recycling Technology Industry Group signed the “Agreement on the Acquisition of 100% Shares in Jiangxi Gelin Recycling Materials Co., Ltd.”. Greene Cycle transferred 100% of its shares in Gelin Recycling Materials, a wholly-owned subsidiary engaged in electronic waste recycling and plastic recycling business, to Henan Recycling Group. The share transfer amount was 280 million yuan, and the debt transfer price was 682 million yuan. After the share transfer is completed, the company will no longer hold shares in Gelin Circular Materials. The expected return on investment from this transaction is approximately RMB 10 million.