About CONCH VENTURE Company

1. Company establishment and listing On June 24, 2013, China Conch Venture Holdings Co., Ltd. was established. On December 19, 2013, Conch Venture was listed on the main board of the Hong Kong Stock Exchange (stock code: 00586.HK). The issuer is a large enterprise group providing a “package” of energy saving and environmental protection solutions. The industry involves garbage disposal, new energy, new building materials, port logistics and other industries. The business covers urban and rural garbage disposal, treatment of black and smelly water bodies, lithium ion battery positive and negative electrode materials, new building materials, port trade, etc. 2. The subsidiary completed the shareholding system reform In January 2022, Anhui Haichuang Green Energy Environmental Protection Group Co., Ltd., the main body of the company's garbage disposal division, officially completed the shareholding system reform. 3. Allocation and issuance of new shares On June 28, 2021, Hailuo Venture completed the acquisition of minority shares in its subsidiaries Xi'an Yaobai Environmental Technology Engineering Co., Ltd. (hereinafter referred to as “Yao Bai Environmental Protection”) and Chongqing Haichuang Environmental Technology Co., Ltd. (hereinafter referred to as “Chongqing Haichuang”) by allocating and issuing new shares of Conch Venture. 4. The subsidiary is listed on the Hong Kong Stock Exchange On September 28, 2021, China Hailuo Environmental Holdings Co., Ltd. (hereinafter referred to as “Conch Environmental Protection”), a wholly-owned subsidiary mainly engaged in the solid waste disposal business segment, officially submitted a listing application form to the Stock Exchange to apply for the listing and approval of Conch Environmental Protection shares on the main board of the Stock Exchange. In March 2022, Conch Environmental was officially listed on the Hong Kong Stock Exchange.