The Group actively develops resource-based businesses with the goal of achieving as much progressive sublimation of resource recycling and value re-creation as possible. We uphold the concept of recycling in the hazardous waste treatment and environmental hygiene business, use resource based means, research resource-based methods, and promote the green, sustainable, and refined operation of multiple businesses.
The total processing capacity of all recycling projects of the Group has reached 270,000 tons/year. According to the business licenses obtained by the relevant projects, the design treatment capacity of Ningxia Ruiyuan Branch is 200,000 tons/year, that of Chongqing Branch is 50,000 tons/year, and that of Yichang Branch is 20,000 tons/year.
In 2022, the Yichang Recycling Project was completed and put into operation, with a resource utilization capacity of 20,000 tons/year, of which 15,000 tons/year of organosilicon hydrolysis slag and5,000 tons/year of etching solution wastewater. The project in Yichang Hubei Province, the Branch introduced the organosilicon waste recycling module to create economically advantageous products like copper, silicon powder, ferrous sulfate solution, or ferrous chloride solution, which significantly increased the value attribute of the process tailings, significantly improved the company’s benefits, and supported the sustainable development of the company’s business. The Group’s Yichang Resource Recycling Project has achieved 100%recycling of hazardous waste, without generating secondary hazardous waste.
The Group’s project companies vigorously promoted refined production management, and reduced material consumption by improving packaging methods and recycling bulk bags. In 2023, Weifang Project saved procurement costs of RMB50,000 by cleaning and reusing boxes and bulk bags; Jiangxi Project continued to recycle used items, saving bulk bag procurement costs of RMB90,000 by recycling about 5,000 used bulk bags.
The incineration workshop completed a number of energy-saving and consumption-cutting projects, and the actual consumption of natural gas per ton of products was 3.44 cubic meters per ton, which was only one-third of the expected consumption. By improving packaging methods and recycling jumbo bags, a total of 6,900 ton bags was saved and 11,220 ton bags was reused in 2022. Through the implementation of screen glass packaging improvement, Shaanxi Branch can save 1,500 tons bags and recycle 1,200 tons bags for every 100,000CRT televisions disassembled. Every 100,000 sets of waste air conditioners can save 2,000 tons bags, 1,500 ton bags can be saved for every 100,000 waste refrigerators disassembled. The Group practices “eliminating waste and saving resources” with practical actions.
To realize refined and classified domestic garbage recycling treatment, the Group set up a kitchen waste treatment plant with a daily handling capacity of 10 tons in Renhua County as one of the garbage classification projects there. Organic matter in organic waste is microbiologically decomposed into fertilizers, water and carbon dioxide through the kitchen waste and waste liquid treatment equipment. The green organic fertilizer formed by the degradation of fruits and vegetables, kitchen waste and other organic waste under the effect of highly efficient biological agents is rich in organic nitrogen, organic potassium, and other trace elements. The microbial additives and the active enzymes produced in the degradation process can promote plant growth, revitalize the soil and improve soil quality, and increase the efficiency of fertilizer utilization, representing an excellent practice of turning waste into treasure.
The Group has built a new comprehensive treatment facility for large waste treatment and greening in Zibo Shandong. The facility can realize recycling of waste by dismantling, classifying, and recycling large waste with a composite structure such as office supplies and furniture, and composting the branches and trunks and other garden waste generated during pruning. The treatment capacity of the project will reach 40 tons per day.
In 2024, the Group, through full participation and educational entertainment, vigorously carried out waste sorting activities, promoted the beautification of the community environment, and contributed to building a green home.
The Group’s Zhongyan Property Management Company has organized all employees to participate in the bucket guarding work with the theme of “I take the lead in bucket guarding, and beautify the community together”. Since the activity started, we have organized 4,015 staff members, effectively improving the quality of garbage classification disposal. The Group’s Renhua project company has actively carried out garbage classification promotion activities, covering kindergartens, primary and secondary schools, and communities. In kindergartens, we guide children to correctly dispose of garbage through micro-classes, game interactions, and knowledge quizzes. In primary and secondary schools, we strengthen students’ awareness of garbage classification through PPTs, videos, and fun games. In communities, we popularize garbage classification knowledge to residents, distribute promotional materials and two-classification bins, and promote residents to develop classification habits. Through various forms of garbage classification activities throughout the year, we aim to enhance residents’ environmental awareness and contribute to building a green home.

In 2025, the Group’s Shandong Pingfu Project subsidiary deepened its resource recovery strategy by commissioning Phase I of its resource recovery project for sludge and copper-containing hazardous waste. With a total designed treatment capacity of 10,000 metric tons per year, the project leverages mature copper extraction technology to efficiently recover and refine copper-containing hazardous waste, converting it into sponge copper products and achieving both the harmless disposal and resource recovery of hazardous waste. By 2025, the project had cumulatively received and disposed of 5,235 tons of various copper-containing hazardous wastes in compliance with regulations. Through core extraction processes, it ultimately produced 426 tons of sponge copper, which entered the downstream metal refining cycle. The Group continues to ensure the project’s safe, environmentally sound operation and maximized benefits through stable process control and continuous technological adaptation.
In 2025, through the continuous implementation of diverse waste sorting awareness campaigns and practical activities throughout the year, our Group has effectively raised residents’ environmental awareness and contributed to the creation of a green and tidy community environment.
• Fengrun Project Company
To raise residents’ awareness rate, participation rate and accurate disposal rate of domestic waste sorting, the publicity team of our Group’s Fengrun Project Company has carried out the following series of publicity and training initiatives:
Community Publicity Campaigns
We jointly launched a waste sorting-themed publicity campaign at the Activity Center of Tangche Community, Fengrun District, in collaboration with municipal and district-level urban management and law enforcement bureaus. During the campaign, we worked closely with law enforcement officers and community volunteers to set up three functional zones, namely policy promotion, knowledge quiz and hands-on practice. We also prepared supporting materials including popular science display boards, brochures and waste sorting bin models in advance, and explained waste sorting policies, standards and values in plain language. During the knowledge quiz and hands-on practice sessions, we actively guided residents to participate and promptly corrected non-standard operations. The joint publicity campaign effectively attracted wide participation from community residents. Residents responded that the campaign was innovative in form and practical in content. Through immersive learning, they strengthened their comprehensive understanding of waste sorting and expressed their willingness to take the initiative in practicing it.

Waste Sorting Campaign on Campus
To further expand the reach of our promotional activities, we extended the campaign to school campuses and successfully held a “Waste Sorting into Campus” themed publicity event at several primary schools. Through illustrated PPT presentations and easy-to-understand explanations, the event systematically introduced the significance of waste sorting, the specific methods for distinguishing the four types of waste, and key points for disposal, with a particular focus on educating participants about the types of hazardous waste and safe handling procedures. We also arranged fun interactive Q&A sessions and game-based challenges such as the “Waste Sorting Wheel of Fortune”, encouraging students to actively raise their hands to answer. In addition, we organized mock sorting exercises where students were provided with simulated waste bins and waste cards to practise hands-on and apply what they had learned. The event was met with a lively atmosphere and active participation from both teachers and students. It not only firmly established the concept of “everyone is responsible for waste sorting” in the students’ minds, but also effectively enhanced young people’s understanding of waste classification, laying a solid foundation for cultivating a new generation of environmentally responsible citizens and contributing to the development of a beautiful and well-facilitated Fengrun district.

Special Training for Frontline Sorting Personnel
In response to the actual needs of frontline sorting personnel, we conducted special training sessions at the waste sorting stations of the Fourth Community and the Fifth Community in Fengrun District. Focusing on the three core principles of “practicality, efficiency and safety”, we helped sorting personnel master standardised procedures. In accordance with the latest waste sorting policies, we elaborated on the sorting standards for recyclables, kitchen waste, hazardous waste and other waste, and addressed issues prone to confusion. We focused on training bag-breaking sorting techniques, such as how to quickly open garbage bags and use tools to reduce hand contact, so as to improve efficiency and reduce risks. In addition, we illustrated the value of sorting work through real cases and data – for instance, correct sorting of kitchen waste can reduce carbon dioxide emissions and recycling waste paper can save trees – thereby strengthening their professional identity.
⑩Through a series of publicity activities covering different groups including community residents, teachers and students, and frontline sorting personnel, we have effectively raised the awareness and practical capabilities of the community in waste sorting, laying a solid foundation for the sustained promotion of waste sorting work.

• Zhongyan Property Management
To actively fulfill its community service responsibilities, Zhongyan Property Management, a subsidiary of our Group, proactively participates in various community-benefiting and resident-convenience activities in accordance with the Beijing Residential Property Management Service Standards Every month, we collaborate with subdistrict offices, community organizations, and other entities to conduct Environmental Sanitation Cleanup Days. We organize employees to pick up litter in public areas and clear debris from green spaces. While beautifying the community environment, these efforts also foster harmonious relationships with subdistricts, communities, and residents, facilitating the smooth operation of our daily work.
Continuing under the theme “I’ll Take the Lead at the Bin, Let’s All Participate in Beautifying the Community,” we mobilized all employees to staff waste collection stations and guide residents in proper waste sorting. In 2025, a cumulative total of 3,552 staff members participated, effectively improving the quality of waste sorting in the community. We conducted waste sorting awareness campaigns in all residential complexes under our jurisdiction, educating residents on sorting methods and distributing informational materials. To address residents’ needs for disposing of unused household items, we partnered with the community and professional recycling organizations to launch an innovative exchange program for unused items. This initiative not only facilitated resource recycling and reuse for residents and beautified the community environment but also helped foster sustainable living habits among residents.

• Nanpi Project Company
In response to the call for the Third National Waste Sorting Awareness Campaign, our Group’s Nanpi Project Company, under the theme “Join the Sorting Effort, Embrace the Low-Carbon Lifestyle,” collaborated with the Nanpi County Urban Management Bureau to conduct waste sorting awareness campaigns at Fujia Garden and Gucheng Rongfu residential communities.
We have carefully prepared practical cloth bags printed with waste sorting promotional graphics and illustrated brochures that use plain language and vivid visuals to explain sorting standards, disposal guidelines, and processing procedures in detail. During the event, we organized our employees and staff from the Urban Management Bureau to serve as outreach volunteers, moving through crowded areas of the residential community to proactively engage with residents, distribute brochures and cloth bags, and explain the key points of waste sorting. In the future, we will launch the “Double Enhancement” Improvement Plan. We will innovate our outreach efforts through educational short videos and community presentations and establish a regular coordination mechanism with the Urban Management Bureau. Through joint patrols and dynamic supervision, we will build a long-term management system to drive the transformation of waste sorting from “passive compliance” to “public awareness.”