On the morning of May 19, the 2021 Carbon Summit with the theme of "Zero Carbon Leading the Way to Infinite Hope for Wuxi" was held in Wuxi Xianghua Bay Junlai Polymede Conference Center. Mr. Huang Qin, Secretary of Wuxi Municipal Party Committee, delivered a speech and Mr. Du Xiaogang, Mayor of Wuxi, delivered a keynote speech titled "Vision of Wuxi City Development under the Situation of Carbon Neutral Carbon Summit". In order to fully implement the new development concept of "innovation, coordination, green, openness and sharing", accelerate the construction of a clean, low-carbon, safe and effective modern city innovation development pattern, and open a new track of zero-carbon development, the "Carbon Summit Carbon Neutral International Cooperation and Innovation Action" was launched. "The launch ceremony was held. After the launching ceremony, Wuxi Municipal Government signed a comprehensive framework cooperation agreement with China National Power Investment Group for "14th Five-Year Plan", Wuxi Low Carbon Research Institute was inaugurated, and Wuxi City "National Zero Carbon Development Demonstration City" was inaugurated for preparation. In the signing ceremony, Huahong Group signed a financial investment project with Gold Investment Holdings (GII).

It promotes the development of Wuxi's financial industry and financial market by building a professional investment and financing team, optimizes the development environment of the regional financial investment industry, and promotes industrial upgrading and urban transformation in Wuxi and the Yangtze River Delta region. This time, we chose to sign on-site financial investment projects with four enterprises, including Hua Hong Group, because of the industrial expectation of being close to the theme of the conference and implementing the instructions of the conference, as well as the value consideration of how Hua Hong Group can better think about contributing to the "Carbon Neutralization of Carbon Dafeng". In 2020, Goldinvest Holdings (Goldinvest Zhiyuan) took a strategic stake in Huahong Technology by participating in the directional issuance to help Huahong Technology lay out the comprehensive utilization of rare earth resources industry. Not long ago, Gold Investment Holdings (Gold Investment Zhiyuan) reached an equity cooperation with Huahong Group and transferred the equity of Huahong Technology through bulk trading, which again realized the precise match between capital and industry and showed the recognition of Gold Investment Holdings (Gold Investment Zhiyuan) to the market value of Huahong Technology. The signing of the deal between Goldinvest Holdings (Goldinvest Zhiyuan) and Huahong Group has played a positive role in boosting investors' confidence and regulating the positive development of the enterprise.

Huahong Technology is a holding subsidiary of Huahong Group, which has been developing for nearly 30 years and is committed to the manufacturing and R&D of recycling equipment. It is the chairman unit of Jiangsu Province Metal Recycling Application Equipment Industry Technology Innovation Strategic Alliance and a national green manufacturing system solution provider. The scrap steel processing equipment produced and developed by Hua Hong Technology serves the recycling of scrap steel. Steel scrap is a renewable resource, with a cycle of 8~30 years, and can be recycled infinitely. According to statistics, using scrap steel to make steel is 60% more energy and 40% more water efficient than using iron ore directly to make steel, and can reduce 86% of exhaust gas, 76% of wastewater and 97% of slag emissions. 1 more ton of scrap steel can save 1.7 tons of iron ore concentrate and reduce 4.25 tons of primary ore mining. With 260 million tons of scrap steel recovery in 2020, a conservative estimate of 30% of the scrap steel is treated with Hua Hong Technology's equipment, the contribution made is to reduce wastewater discharge by 680 million tons a year, reduce carbon dioxide emission by 65.7 million tons and reduce sulfur dioxide emission by 1.52 million tons. Huahong Technology insists on the development concept of innovation-driven, and introduces the high-power electro-hydraulic servo control system into the industry for the first time. Take the 1500-ton hydraulic metal baler as an example, using servo motor instead of traditional motor, the host power can save 30%, and a single unit of equipment can save 252,000 kilowatts of electricity a year, according to each 1 kilowatt of electricity to reduce emissions of 0.96 kg of carbon dioxide, then the technology upgrade, optimization and innovation of a single unit of equipment can reduce carbon dioxide emissions 242 tons a year.