Zhitong Finance App News, China Environmental Resources (01130.HK) announced that on December 12, 2025 (after the transaction period), the company and Goldwin Century entered into a termination agreement on the memorandum of understanding relating to potential cooperation in business development and other ancillary business opportunities for rare earth projects located in the People's Republic of China. Accordingly, the contracting parties have jointly agreed to terminate the memorandum of understanding with immediate effect. The MOU was established to provide a framework for the company to conduct a due diligence review of Sichuan Yuanlaishun and its business operations and explore the viability of potential cooperation. After further commercial negotiations, the contracting party determined that the direct acquisition of Sichuan Yuanlaishun Renewable Resources Co., Ltd. (target company), the main operating subsidiary of Sichuan Yuanlaishun, would be more in line with the strategic direction of the existing metal recycling business (the company continues to strive to explore similar business opportunities outside Hong Kong after launching the Hong Kong metal recycling business). This move is more beneficial to the Group than the previously proposed cooperation. The acquisition will enable the Group to directly control and fully integrate the target company's business, so as to more effectively seize the synergy benefits and growth opportunities in the rare earth materials market. Accordingly, the contracting parties jointly agreed to terminate the memorandum of understanding which had achieved its initial purpose and enter into a clear agreement to proceed with the acquisition.

Zhitong Finance App News, China Environmental Resources (01130.HK) announced that on December 12, 2025 (after the transaction period), the company and Goldwin Century entered into a termination agreement on the memorandum of understanding relating to potential cooperation in business development and other ancillary business opportunities for rare earth projects located in the People's Republic of China. Accordingly, the contracting parties have jointly agreed to terminate the memorandum of understanding with immediate effect. The MOU was established to provide a framework for the company to conduct a due diligence review of Sichuan Yuanlaishun and its business operations and explore the viability of potential cooperation. After further commercial negotiations, the contracting party determined that the direct acquisition of Sichuan Yuanlaishun Renewable Resources Co., Ltd. (target company), the main operating subsidiary of Sichuan Yuanlaishun, would be more in line with the strategic direction of the existing metal recycling business (the company continues to strive to explore similar business opportunities outside Hong Kong after launching the Hong Kong metal recycling business). This move is more beneficial to the Group than the previously proposed cooperation. The acquisition will enable the Group to directly control and fully integrate the target company's business, so as to more effectively seize the synergy benefits and growth opportunities in the rare earth materials market. Accordingly, the contracting parties jointly agreed to terminate the memorandum of understanding which had achieved its initial purpose and enter into a clear agreement to proceed with the acquisition.