On July 11th, 2023, the Fortune China 500 ranking for Chinese listed companies was announced. GEM successfully ranked 425th with a dazzling performance based on its revenue of 29.392 billion yuan in 2022. The list was jointly compiled by the world-renowned financial magazine Fortune and China International Finance Corporation, considering the performance and achievements of the largest Chinese listed companies worldwide over the past year, with the annual revenue threshold for listed companies approaching 23.7 billion yuan.

It is reported that from the establishment of the first stock exchange in China, the Shanghai Stock Exchange, in 1990 to now with the total number of A-share listed companies exceeding 5,000, the number and scale of Chinese listed companies continue to grow. As an important pillar of economic development, large listed companies are driving the country's economic development through innovative technologies, market exploration, and efficiency improvement. They are important engines that drive industrial development, attract talent investment, stabilize employment, and promote social stability.

As a pioneer in urban mining and a promoter of the world's new energy industry, GEM became the first Chinese company to go public on the Shenzhen Stock Exchange with urban mining as its main business in 2010. In 2022, it became the first batch of green companies in China to successfully list on the Swiss Stock Exchange and issue GDRs, opening up a model for Chinese green companies to provide solutions to European green development.

In 2022, despite the severe global economic situation, GEM significantly increased its production capacity and achieved a historical high in business performance with revenue of 29.392 billion yuan, a year-on-year increase of 52.28%, and a net profit of 1.296 billion yuan, a year-on-year increase of 40.4%. It strode forward confidently onto the new development stage of "large-scale production capacity release, substantial performance growth".

As a company simultaneously listed on the Shenzhen Stock Exchange and the Swiss Stock Exchange, GEM strictly complies with the governance rules of domestic and foreign exchanges, promotes standardized and international governance. The company's information disclosure has received A-level evaluations for nine consecutive years from the Shenzhen Stock Exchange, and its information disclosure quality has been recognized by the exchange. Through various channels, such as holding performance briefings, the company actively conducts investor communication activities to accurately convey its corporate value and shape its international brand image. It also actively leverages the capital market to promote global green development and economic recovery, fulfilling the mission of being a listed company.

With perseverance and leading the trend, GEM will take advantage of the current situation to open a new chapter. In the future, the company will not forget its original aspirations and always adhere to the high-quality development strategy driven by both the "new energy material manufacturing + urban mining" dual tracks. In the wave of global low-carbon development, the company will sail with courage and win in all directions, paving the way for a wider and further circular development, and writing a magnificent chapter for human green

development!

GEM has been listed as the 425th among the Fortune China 500 in 2023!