Established in 1998, Chongqing Sanfeng Covanta Environmental Industry Co., Ltd. is a wholly-owned subsidiary of Chongqing Sanfeng Environment Group Corp., Ltd. (601827. SH). The Company has a huge team of professional talents and obtained several professional qualifications concerning design, consultation, construction, power commissioning and facility operation. It is one of the first "Major Environmental Protection Technology and Equipment Supporting Company Encouraged by the State". It has been successively rated as a National High-tech Enterprise, Specialized, Sophisticated, Distinctive and Innovative Enterprise in Chongqing, Top 100 Chongqing Manufacturing Enterprises in 2021, and won the "Chongqing Mayor's Quality Management Award".

I. Core Business

The Company always adheres to the social responsibility and service tenet of "for a cleaner world", abides by the core values of "being honest & dedicated, realistic & innovative, collaborating and satisfying customers", and is professionally committed to becoming the best WTE EPC contractor, the world's first-class technology and equipment supplier of waste-to-energy, and the best waste-to-energy operator.

II. Technical Advantages

Sanfeng Covanta was the first in the industry to introduce Martin's waste incineration power generation technology, which was digested and absorbed to realize the complete localization of the technical equipment. It edited or participated in the compilation of 9 national or industrial standards such as Municipal Solid Waste Incinerator and Boiler; the world's largest Stoker Assembly Base has been built, and Inconel Manufacturing Center was completed in 2018; it has obtained 81 technical patents, 7 Chongqing Scientific and Technological Progress Awards, and 1 Science and Technology Demonstration Project (Municipal Utilities) for the Ministry of Housing and Urban-Rural Development.

III. Global Performance

As of December 2023, the Company's core technologies and equipment have been applied to 253 projects and 411 incineration lines in 8 countries including China, the United States, India, Ethiopia, Thailand and Vietnam and Macao, with a daily domestic waste disposal capacity of more than 220,000 tons. The domestic market share of incinerator equipment ranks first, and the international market share of core technologies and equipment in Thailand, India and Vietnam exceeds 50%.