C&G Environmental

C&G Environmental: Entered into a letter of intent with a potential purchaser, a PRC-listed company, with regard to the sale of its waste-to-energy business and assets. C&G has granted to the purchaser a three-month exclusive period to conduct due diligence and finalize the terms of the sale. The consideration for the proposed sale is subject to the parties’ further negotiations, taking into account an independent valuation, and the net asset value of the business and assets identified for sale. The consideration shall be satisfied in part by cash and in part by the issue of shares of the purchaser to the company.