Zhongzai Zihuan: Secures 205 Million Yuan Midea Appliance Recycling Project

Zhongzai Zihuan (Stock Code: 600217) announced on December 8th that its subsidiaries have received the winning notification from Wuhu Ande Zhilian Technology Co., Ltd. for the "Midea Green Recycling Project for 2025-2026." The total winning bid amounts to approximately 205 million yuan.

— Project Details —

• Project Name: Midea Green Recycling Project for 2025-2026

• Winning Bidders: Zhongzaisheng (Suihua) E-Waste Recycling Co., Ltd.; Zhongzaisheng (Tangshan) E-Waste Recycling Co., Ltd.; Zhongzaisheng (Linyi) E-Waste Recycling Co., Ltd.; Zhongzaisheng (Quzhou) E-Waste Recycling Co., Ltd.; Zhongzaisheng (Luoyang) Solid Waste Disposal Co., Ltd.; Zhongzaisheng (Huanggang) Solid Waste Disposal Co., Ltd.; Zhongzaisheng (Nanchang) E-Waste Recycling Co., Ltd.; Zhongzaisheng (Neijiang) E-Waste Recycling Co., Ltd.; Zhongzaisheng (Kunming) Solid Waste Disposal Co., Ltd.; Zhongzaisheng (Qingyuan) Solid Waste Disposal Co., Ltd.

• Project Scope: The winning bidders are responsible for the recycling and dismantling of end-of-life branded home appliance products from Midea Group, in compliance with relevant standards, laws, and regulations.

• Winning Bid Amount: The total contract value, including taxes, is 205.299 million yuan.

— Company Background —

Zhongzai Zihuan stated that upon the formal signing and smooth execution of this project, it will further enhance and consolidate the company's market competitiveness and market share, exerting a positive influence on its future operational development.

Zhongzai Resources & Environment Co., Ltd. is a listed subsidiary controlled by China Recycling Resources Development Group Co., Ltd., which is under the All-China Federation of Supply and Marketing Cooperatives. Listed on the Shanghai Stock Exchange as "Zhongzai Zihuan" (600217), it is an environmentally-focused technology company. Adhering to the corporate mission of "Ecological Environmental Protection" and "Serving Society," and upholding the business philosophy of "Network, Resources, Technology, Environmental Protection, Brand," the company is committed to becoming a high-quality provider of resource and environmental services. Its primary business involves the recycling and dismantling of waste electrical and electronic equipment, along with integrated solid waste disposal in industrial parks, operating through thirteen subsidiaries.

Midea Group is a global technology conglomerate with business segments spanning smart home appliances, new energy & industrial technologies, smart building solutions, robotics & automation, healthcare, and intelligent logistics. Over the past five years, its R&D investment has exceeded 60 billion yuan. It boasts a portfolio of brands including Midea, Little Swan, Hualing, COLMO, KUKA, Welling, Hekang, Kelu, Googoltech, Wandong, and Lingwang, providing products and services annually to over 500 million global users, key clients across various sectors, and strategic partners. To date, Midea operates globally with over 400 subsidiaries, 38 R&D centers, and 63 manufacturing bases, serving more than 200 countries and regions.