In the world's first “zero-carbon” factory for cascade utilisation and recycling in Huayou Cobalt Quzhou Industrial Park, the reporter saw that in the flexible automated dismantling line for battery packs, retired batteries are dismantled and the valuable renewable resources are extracted, and eventually recycled into the production of new battery materials. Here can handle 65,000 tonnes of waste battery materials per year. According to the China Renewable Resources Recycling Association, the net increase in the amount of automobile scrapping in 2023 will be 7.56 million units, an increase of 32% year-on-year; the amount of regulated recycling of used home appliances and other products will be about 93 million units, weighing about 4.4 million tonnes; the amount of recycling of used furniture will be more than 200 million pieces, of which the amount of recycling of ten major categories of renewable resources such as scrap iron and steel, waste non-ferrous metals, and waste plastics will be about 392 million tonnes. The role of support and guarantee for national resource security continues to be highlighted.

Recently, China Listed Companies Association (CLCA) held the conference of “China Listed Companies Building ‘Belt and Road’ White Paper 2023” and the working meeting of Overseas Listed Companies Sub-Committee in Beijing. Relevant leaders from the International Department of the Securities and Futures Commission (SFC) and the Association of Listed Companies of China (ALCC) attended the meeting, and more than 200 representatives of more than 100 listed companies and financial institutions with high quality participation in the construction of the “Belt and Road” participated in the event. Huayou Cobalt was selected as one of the 100 best practice cases of listed companies in China in building “Belt and Road” in the past ten years, and as the only private enterprise to speak, Fang Qixue, Vice Chairman and Senior Vice President of Huayou Cobalt, made a speech on behalf of the company, entitled “Rooted in China, Befriends Worldwide, Playing a Greater Role and Demonstrating a Greater Role in the High-quality Co-construction of the Belt and Road”, sharing the practice and experience of the Company in building the Belt and Road with high quality and creating new opportunities for development and sharing new fruits.

On May 18th, Minister Counsellor Wang Hailong and his delegation from the Chinese Embassy in DRC visited the management headquarters of Huayou Africa Region for investigation and guidance, and General Manager Shen Jianqing received them warmly.

On 14th May, Zhejiang Huayou Recycling Technology Co., Ltd (hereinafter referred to as “Huayou Recycling”) and Japan Ohno Development Co. headquarters in Matsuyama City, Japan (hereinafter referred to as “Ono Development”).

On 13th May, Fortune released the “2024 China ESG Impact List”, and Huayou Cobalt was successfully selected for its outstanding performance in environmental, social and governance (ESG) and positive influence in the field of industry sustainability.

On 9th May, China Business Law Journal (CBLJ) announced the winners of the much-anticipated 2024 Corporate Law Awards. Our Legal Department won three honours, including Cross-Border Mergers and Acquisitions-Excellent Legal Team of the Year, Offshore Capital Markets-Excellent Legal Team, and Environment and Renewable Energy-Excellent Legal Team of the Year, for its outstanding business ability.