On June 12, Guangdong CR Carbon Energy Technology Co., Ltd. successfully bid for the Forestry Carbon Sink Resource Development project in Qiannan Buyi and Miao Autonomous Prefecture, Guizhou Province. The project stipulates that CR Carbon Energy will undertake the pre-transaction work of carbon sink trading and jointly develop the CCER project with its partner. The two parties share revenue based on the actual gross revenue earned from project development.