Core Viewpoint - The company is actively involved in the formulation of laws, regulations, and industry standards related to the recycling and utilization of power batteries, aiming to promote the standardized and sustainable development of the entire industry chain [1] Group 1: Company Initiatives - The company has proposed the concept of constructing a full lifecycle value chain for new energy, which includes "battery recycling—remaining energy reuse—raw material remanufacturing—material remanufacturing—battery reassembly" [1] - The company has established partnerships with over 1,000 automotive companies and battery manufacturers globally [1] - The company has set up six power battery recycling companies in China, all of which are included in the whitelist of the Ministry of Industry and Information Technology of China, creating a broad and compliant recycling network [1] Group 2: Future Plans - The company plans to continue strengthening the construction of recycling channels and optimizing the layout of the recycling network [1] - The company aims to reduce recycling costs and enhance the comprehensive recovery rate of resources and product added value through technological research and development innovations [1] - The company intends to adopt multiple measures to enhance its market competitiveness and share [1]

Core Viewpoint - The company, Greeenme, is strategically positioning itself in the battery recycling sector, projecting a gross margin of 7.47% for its battery recycling business by the first half of 2025 [2] Group 1: Business Strategy - The company has proposed a comprehensive value chain concept for the lifecycle of new energy, which includes battery recycling, residual energy reuse, raw material remanufacturing, material remanufacturing, and battery reassembly [2] - Greenme has established partnerships with over 1,000 automotive companies and battery manufacturers globally, enhancing its market presence [2] Group 2: Operational Achievements - The company has set up six battery recycling companies in China, all of which are included in the whitelist of the Ministry of Industry and Information Technology, ensuring a robust and compliant recycling network [2] - In the first three quarters of 2025, the company recycled and dismantled 36,643 tons of power batteries, marking a 59% year-on-year increase, indicating strong growth potential in the recycling sector [2]

Group 1 - GEM has signed a Memorandum of Understanding (MOU) with ASCEND ELEMENTS to explore collaboration in the European battery recycling and materials market [1][3] - The MOU aims to leverage both companies' strengths in geography, resources, capital, technology, and operational management to establish a leading lithium battery recycling industry system in Europe [3][7] - The collaboration will include the construction of a battery recycling system, disassembly and black powder manufacturing system, and resource recovery and remanufacturing of lithium, nickel, and cobalt materials [3][8] Group 2 - ASCEND ELEMENTS, established in March 2017, specializes in lithium-ion battery recycling and has a strong market position in Europe and the U.S. [5][6] - The MOU outlines specific goals, including exploring capital and equity cooperation, developing battery recycling facilities in Europe, and sharing best practices in production and operations [8][9] - The agreement does not require board or shareholder approval and does not constitute a related party transaction or a major asset restructuring [3][17] Group 3 - The partnership is expected to enhance GEM's competitive position in the global lithium battery recycling market, aligning with its strategy for global expansion [17][18] - The MOU is not expected to have a significant impact on GEM's financial status or operational results for the current year, but it is anticipated to positively influence future business development [3][18] - The collaboration aligns with the global trend towards sustainable energy and the circular economy, supporting the implementation of global battery passports and green development [3][17]

Core Viewpoint - The company has signed a memorandum of understanding with ASCEND ELEMENTS to leverage their strengths in geopolitics, resources, capital, technology, and operational management to establish a leading lithium battery recycling industry system in Europe [1] Group 1: Partnership and Collaboration - The collaboration aims to build a leading lithium battery recycling system in Europe, including dismantling and black powder manufacturing systems, as well as lithium, nickel, and cobalt resource recovery and battery material remanufacturing systems [1] - The partnership will support the development of the entire lifecycle value chain of new energy in Europe [1] Group 2: Global Expansion and Sustainability - The company will actively explore opportunities for collaboration in the United States to advance lithium-ion battery recycling and engineering battery material production [1] - The initiative aims to promote the implementation of a global battery passport and the green development of new energy [1]