Zhaoxin Co., Ltd. announced that the company previously signed an agreement with Yiyang Energy in November 2025 to jointly fund the establishment of the Trillion Carbon Cooperation to implement the Qianjiaying Coal Mine low-concentration gas utilization project. The company holds 55% of the shares. Due to a decrease in the actual amount of usable gas compared to the project estimates and the approval procedures for supporting off-site transportation pipelines were not approved, the company terminated the follow-up investment and construction of the project and signed an “Equity Transfer Agreement” with Yiyang Energy and Trillion Carbon on November 10, 2026, to transfer 55% of its shares to Yiyang Energy at a transfer price of 5.6 million yuan. The “Termination of Cooperation Agreement” was signed on the same day. After the transaction was completed, Trillion Carbon and its wholly-owned subsidiary Zhaolianyi were no longer included in the scope of the company's consolidated statements.

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