On September 14, 2021, Xuelang Environment held the tenth meeting of the fourth Board of Directors, and the meeting reviewed and passed the proposal on the new solid waste resource utilization project to be invested by the company's holding subsidiary.  

Nanjing Excellence Environmental Protection Technology Co., LTD., a subsidiary of Xuelang Environment Holdings, intends to invest in the construction of solid waste resource utilization project in order to extend the industrial waste comprehensive treatment industry chain, enhance the comprehensive competitiveness and expand the market share. The proposed investment amount of the project is estimated to be about 30,000 yuan. Within the original 133,686.47 square meters of the factory, 23,500 square meters of open space in the factory will be used to build waste storage and drying systems containing copper and nickel, raw material warehouse and feeding system, oxygen rich side-blown furnace melting, dust collection system, environmental smoke collection system, exhaust gas treatment system, wind room, oxygen generating station and public and auxiliary facilities. After the completion of the project, 120,000 tons of solid waste (wet base) will be processed annually, including 80,000 tons of hazardous waste (wet base) and 40,000 tons of general solid waste.

Striving to achieve "carbon peaking" and "carbon neutrality" is the main theme of the pollution prevention and control battle during the "14th Five-Year Plan" period. In order to further improve the comprehensive utilization level of solid waste, promote energy conservation and carbon reduction in the comprehensive utilization of resources industry, and help achieve the goal of carbon peaking and carbon neutrality, In June 2021, the National Development and Reform Commission issued the "Notice on the Comprehensive Utilization Demonstration of bulk solid waste" (hereinafter referred to as the "Notice"), which proposed that by 2025, 50 large-scale solid waste comprehensive utilization demonstration bases will be built, and the comprehensive utilization rate of large-scale solid waste in the demonstration base will reach more than 75%, and 50 comprehensive utilization backbone enterprises will be cultivated. Implementation of demonstration to lead actions. Followed by the "14th Five-Year Plan" circular economy development Plan "also clearly stated that" by 2025, the implementation of circular production mode, green design and clean production are widely promoted, the comprehensive utilization of resources is significantly improved, and the resource recycling industrial system is basically established." The recycling network of waste materials has been improved, the recycling capacity of renewable resources has been further improved, and a resource recycling system covering the whole society has been basically completed. The efficiency of resource utilization has been greatly improved, the replacement ratio of renewable resources to native resources has been further increased, and the supporting role of circular economy in resource security has been further highlighted."  We should adopt nature-based solutions, develop green finance, research and promote green technologies, develop a circular economy, and promote industrial transformation and upgrading." In the future, with the gradual introduction of relevant policies and the gradual landing of specific rules, the resource utilization of solid waste is bound to become the main development direction of future advocacy, and the prospect of resource utilization continues to improve.

However, with the completion and operation of new hazardous waste disposal projects around the country and the addition of collaborative disposal of cement kilns and smelting kilns, the traditional hazardous waste disposal market competition using incineration, physicochemical, landfill and other disposal methods is becoming increasingly fierce.

Nanjing Excellence's proposed investment in the resource utilization project is made on the basis of comprehensive consideration of the above related policy support and the current situation of market competition, which is conducive to breaking through the current Red Sea competition pattern faced by traditional disposal methods, and is conducive to extending the company's industrial waste treatment industry chain, which is the further implementation of the company's established development strategy. It is beneficial to bring new performance growth point to the company, and has positive significance to enhance the company's comprehensive competitiveness and expand market share.