At the outset of the 2025 financial year, China HK Power Smart Energy Group Limited (“China HK Power”) has further accelerated its strategic transformation towards new energy and intensified efforts in the development of green assets. Its “Energy-Carbon Trading” business continues to make pioneering breakthroughs and scale new heights. On 12 May, China HK Power, Greenland Jinchuang Technology Group Co., Ltd. (“Greenland Jinchuang”), Guizhou Green Finance & Low Carbon Trading Center Co., Ltd. (“Guizhou Exchange”), and Shanghai Linxiang Environmental Protection Co., Ltd. (“Linxiang Environmental”) officially signed a strategic cooperation agreement at the Shanghai headquarters of Greenland Jinchuang, jointly committed to building a collaborative ecosystem for carbon finance.

Through this partnership, the parties will integrate and leverage quality resources from both Shanghai and Hong Kong to refine and advance a development model that combines “green buildings + carbon credits + green finance,” accelerate the establishment of a collaborative ecosystem for building carbon credits, and work to expand the scale and influence of development, trading, and consumption of building carbon credits. The goal is to provide innovative incentives and solutions for the industry's low-carbon transition and to support the national “dual carbon” goals.

Mr. Deng Yaobo, Executive Director and President of China HK Power; Mr. Deng Yongbo, Vice President; Mr. Lan Hai, Senior Financial Director; Mr. Geng Jing, Director and Executive President of Greenland Group, Chairman and President of Greenland Jinchuang; Vice President of Greenland Jinchuang, Ms. Li Li, Chairwoman and President of Guizhou Exchange; Mr. Lin Guangqing, Head of Green Ecology Business at Greenland Group; Mr. Li Xiang, Chief Sustainability Officer of Greenland Jinchuang; Mr. He Yang, Chairman of Linxiang Environmental; and Mr. Li Lingfeng, Executive Vice President and Chief Engineer of Linxiang Environmental, attended the signing ceremony.

In his remarks, Mr. Deng Yaobo stated that China HK Power and Linxiang Environmental fully respect the spirit of innovation behind building carbon credits, highly recognise the market value of such credits, and are optimistic about their future development. Leveraging its industry advantages, China HK Power intends to organise energy efficiency enterprises and government bodies in economically developed regions to collectively negotiate cooperation on building carbon credit development. It plans to adopt two approaches: pre-purchase of future returns from building carbon credits and joint development. The company aims to achieve 1 million tonnes of listed building carbon credit trading volume and 2 million tonnes in reserve development volume in the short term, rapidly expanding market scale and influence. It also plans to actively explore the Hong Kong, Macao, and Belt and Road markets, and participate in the development of new methodologies and the practical application of related green digital assets.

Mr. Geng Jing extended a warm welcome to the delegation from China HK Power and Linxiang Environmental. He stated that since 2022, Greenland, through its subsidiary Guizhou Exchange and in cooperation with its ecosystem partners, has taken a standards-first approach to developing a building carbon credit mechanism. This has effectively supplemented the existing CCER and carbon-inclusive voluntary emission reduction systems. Currently, six Chinese building carbon credit products and one Singaporean product have been listed and traded on the Guizhou Exchange, with both volume and value increasing. These products are already widely applied in carbon neutrality service scenarios across Shanghai, Jiangsu, Zhejiang, Guangdong, Hong Kong, Hunan, Shanxi, Singapore, and other regions, receiving strong market feedback and recognition from relevant government departments. Greenland Jinchuang has been recognised by the Development and Reform Commission of Shanghai’s Baoshan District as a strategic partner, and Guizhou Exchange has become the trading and operating entity for the Green and Low-Carbon Supply Chain Carbon Credit Public Service Platform. Mr. Geng expressed his hope that this cooperation would further expand the market scale and impact of building carbon credits, continuously develop new methodologies, and actively explore innovations in the digital asset trading business, thereby providing more market-oriented incentives for the green and low-carbon industry.

At the event, the four parties signed a strategic cooperation agreement. The parties will continue to deepen cooperation in areas such as mutual recognition of entities, scaling up building carbon credit assets, expanding consumption and application scenarios, developing green and digital finance businesses, exploring the Hong Kong, Macao, and Belt and Road markets, developing new methodologies, and joint promotion and outreach.

During their visit to Shanghai, the Group leadership maintained an intense and fruitful schedule. They held meetings and discussions with leaders from Beijing Green Exchange, Shanghai Environment and Energy Exchange, AJ Group / AJ Trust, and China Merchants Bank Shanghai Branch, reaching strategic consensus on cooperative development. This series of initiatives marks a new phase in the advancement of China HK Power’s new energy business.