On October 31, 2025, our company achieved an important milestone in expanding the international carbon market. Today, we officially submitted the registration application for the Gabon REDD (Reducing Emissions from Deforestation and Forest Degradation) forest carbon sink project to the official website of Verified Carbon Standard (VCS), an authoritative international carbon standard. This initiative marks a substantial step taken by our company in the field of transnational forest carbon sink development, fully embarking on a new journey of participating in global climate governance.
Focus on African Rainforests and Fulfill Global Emission Reduction Commitments
Gabon is located in Central and Western Africa and home to extensive tropical rainforests, making it an important global carbon sink treasure trove and biodiversity hotspot. The Gabon REDD forest carbon sink project declared by our company aims to effectively curb deforestation and forest degradation through scientific and sustainable forest management mechanisms, so as to drastically cut greenhouse gas emissions.
Submitting the project for registration on the official VCS website means we are advancing the compliance and transparency of the project in strict compliance with the world's highest standards for carbon asset development. As one of the most widely recognized voluntary carbon reduction standards across the globe, VCS adopts stringent validation and verification mechanisms, which provide authoritative certification for the carbon emission reductions of this project and ensure that each ton of carbon credit delivers real, measurable and lasting environmental benefits.
Expand International Business and Showcase Corporate Green Responsibility
In recent years, as the global consensus on carbon neutrality continues to deepen, forest carbon sink, as one of the most promising negative emission technologies, has become an important measure for all countries to achieve climate goals. Our entry into Gabon's forest carbon sink market is not only an active response to the national dual-carbon strategy, but also a vivid embodiment of our practice of ESG (Environmental, Social and Governance) concepts and commitment to global climate responsibilities.
Press Ahead Steadily to Build a Benchmark for Transnational Carbon Sink Projects
At present, the project registration application has entered the official review process of VCS. In the next stage, we will work closely with international third-party validation and verification institutions to complete all technical demonstrations and compliance reviews with high standards and strict requirements, and strive for the early approval and carbon credit issuance of the project.
Going forward, we will continue to uphold the development philosophy that lucid waters and lush mountains are invaluable assets, further explore domestic and international carbon sink markets. Relying on professional carbon asset management capabilities and forward-looking green layout, we will keep injecting green momentum into global ecological security and sustainable development.