Core Viewpoint - Greeenme (002340) is leading in the field of retired power lithium battery recycling by proposing a comprehensive value chain for new energy lifecycle, establishing partnerships with over 1,100 automotive and battery manufacturers globally [1] Group 1: Business Model and Strategy - The company has developed a new energy lifecycle value chain that includes battery recycling, residual energy utilization, raw material remanufacturing, material remanufacturing, and battery reassembly [1] - Greenme has built six power lithium battery recycling plants in China, covering key regions such as the Pearl River Delta, Yangtze River Delta, Beijing-Tianjin-Hebei, and Central China [1] Group 2: Market Position and Impact - All of the company's recycling plants are included in the Ministry of Industry and Information Technology's whitelist, allowing them to process 10% of retired lithium batteries in China annually [1]

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]