The board of directors of China Carbon Neutral Development Group Limited announced that on 17 September 2021, the Company has entered into an investment agreement with Shenzhen Infogem Technologies Co., Ltd. agreed to establish a joint venture company in the PRC, the name of which is proposed to be (China Carbon Infogem Technologies Development (Shenzhen) Co., Ltd., in English for identification only) (the "Joint Venture"). The principle business of the Joint Venture: under the background of the national "double carbon" strategies, using the professional capabilities of Infogem and the Group in their respective industries, to engage in scientific and technological innovation and technical services in the field of carbon management and carbon finance under the general trend of carbon neutralization. Specifically, it includes: providing solutions and digital system support for financial institutions to achieve carbon neutrality in their own operations; providing digital system support for green financial products and services of financial institutions; developing digital tool systems such as carbon asset management, carbon accounting and carbon audit, which are generally applicable to enterprises, and providing technical support and services for the carbon management operation system built by enterprises, financial institutions and government.