Solid Waste Disposal

King Stone New Materials (Hong Kong) Co., Ltd., a wholly-owned subsidiary of the Group, focuses on technology development, production and sales of integrated utilization of new energy, new materials and solid waste resources. It cooperates with several well-known universities and research institutes and has self-developed the process technology and integrated equipment for preparing new functional materials by mild pyrolysis of waste tires, and has successively obtained four utility model patents for its equipment. Its subsidiary, Zhaoqing Xinshan Weili New Material Technology Co., Ltd. is planning to establish an integrated production line for low-temperature pyrolysis of waste tires with international leading technology in the Guangdong-Hong Kong-Macao Greater Bay Area. Its major products include new carbon black composite materials and modified rubber pyrolysis oil. Locally, the Company is negotiating cooperation with a large-scale environmental recycling company in Hong Kong as it deploys to invest in the recycling business of waste paper, waste plastic and scrap metal in Hong Kong. Leverage on a reliable recycling team and advanced recycling technology, the Company aims to become the leading waste recycling operator in Hong Kong.