• Indirect wholly owned subsidiary Nanjing Yisheng Environmental Technology was awarded a service operating agreement through a public tender process, granting it the right to procure and dispose of food waste within Haimen District, Nantong City, Jiangsu Province.
• Under the service operating agreement, the project is required to establish a food waste (kitchen waste) recycling and utilization facility with a designed processing capacity of 200 tons per day.
• The supplier-driven ecological recycling and reuse model exempts the Haimen District Urban Management Bureau of Nantong City from paying food waste disposal fees to Nanjing Yisheng.
• The kitchen waste collection and disposal services in the main urban area of Haimen District run for 18 years and 6 months, while services outside the main urban area run for 25 years.
• The company said it has not yet engaged any contractor for construction of the kitchen waste recycling and utilization facility, and the project company is to be established within one month after execution of the service operating agreement.

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