On the morning of March 24, 2025, Prof. Xu Kaihua, Chairman of GEM Co., Ltd., was invited and visited Henan Investment Group. Chairman Xu Kaihua held talks with Zhu Hongbing, the General Manager of Henan Investment Group. The two sides conducted in-depth discussions on deepening cooperation in the circular economy sector, advancing the national “Dual Carbon” strategy, the “Renewal of Equipment and the Trade-in of Consumer Goods” strategy, and promoting high-quality industry development. The two sides reached multiple consensus points on future collaborative directions.

▲ GEM Delegation in Discussions with Henan Investment Group Leadership

During the meeting, General Manager Zhu Hongbing elaborated on Henan Investment Group’s strategic plans in green and low-carbon initiatives, technological innovation, and industrial investment. He stated that as a provincial-level comprehensive investment and financing platform, Henan Investment Group always prioritizes serving national strategies and regional economic development. In recent years, the group has focused on emerging industries such as circular economy and new energy, actively responding to the national "Renewal of Equipment and the Trade-in of Consumer Goods" strategy, and accelerating the cultivation of new productive forces. Resource Technology Co., Ltd., a subsidiary, is building a full-chain circular economy system covering renewable resource recycling and green remanufacturing, exhibiting strong synergy with GEM in technology, industry, and market. General Manager Zhu Hongbing expressed the hope that both parties would leverage this exchange as an opportunity to further consolidate consensus on circularity, foster a circular culture, and innovate circular models. With a vision aligned with advancing global green development and China’s circular economy goals, the two parties will adopt a market-oriented and internationalized approach, integrate their complementary strengths, and jointly establish a high-tech circular industry group of global influence.

Chairman Xu Kaihua expressed his sincere gratitude for the successful cooperation between Henan Investment Group and GEM and shared GEM's innovative practices in the green, low-carbon circular industry sector. He stated that as a global leader in the circular economy, GEM has consistently adhered to the industrial concept of "Limited Resources, Unlimited Recycling." GEM focuses on core businesses such as e-waste and power battery recycling, establishing an international, full-chain circular industrial system encompassing urban mining and materials remanufacturing.

Chairman Xu Kaihua pointed out that Henan, as a major economic province and leading producer of renewable resources, offers distinctive advantages for Henan Investment Group. With solid cooperative foundations and complementary strengths, the partnership holds vast potential. GEM is fully prepared to integrate its comprehensive advantages with Henan Investment Group through strategic collaboration spanning technology, capital, markets, and global operations. United by the shared mission of advancing global green development and facilitating China's green circular transformation, the two parties will innovatively explore new models for state-owned-private partnerships in circular economy industries. GEM is committed to empowering Henan Investment Group to develop into a high-tech circular industry conglomerate with global competitiveness and international influence.

▲ Chairman Xu Kaihua (5th from right) and General Manager Zhu Hongbing (5th from left) with Attendees

Pan Hua, Director and Senior Deputy General Manager of GEM Co., Ltd., participated in the talks. This exchange marks a new phase of cooperation between the two parties in the circular economy sector. Moving forward, they will jointly drive industrial upgrading and lead the industry toward high-quality development.