Company News

On May 24th, at the beginning of summer, Hainan Jiahaisen reached a cooperation agreement with Yihua Life Technology Co., Ltd. Mr. Wu Zhendong, CEO of Hong Kong International Carbon Assets Limited in Greater China and CEO of Hainan Jiahaisen Carbon Energy Technology Co., Ltd., led a team to visit Yihua Life Technology Co., Ltd. Du Xucheng, Chairman of Yihua Life, attended the meeting and led the friendly cooperation. In addition to the overall strategic cooperation between the two parties, Yihua Life will entrust its 2.1975 million acres of forestry resources located in Gabon, Africa to Jiahaisen for carbon asset development, management, and trading.

The Gabonese Republic is located on the west coast of central Africa, spanning the equator. It borders Congo to the east and south, Cameroon to the north, Equatorial Guinea to the northwest, and the Atlantic Ocean to the west.

Gabon has abundant forestry resources with great development and utilization value. Gabon has a forest coverage rate of up to 85% and a log reserve of approximately 400 million cubic meters, ranking third in Africa. The main tree species in Gabon include Okume, Ozigo, Peach Heart, Black Sandalwood, Purple Sandalwood, Ironwood, etc. Among them, Okume accounts for more than 90% of the world's total production. The Gabonese government attaches great importance to the development and utilization of forestry resources, and has formulated a series of policies and measures to strengthen the protection and management of forest resources. At the same time, the Gabonese government actively encourages foreign investors to participate in the development and utilization of forestry resources, providing a series of preferential policies and convenient conditions for investors.

Jiahaisen will develop carbon assets for the forestry resources in this area based on the most popular methods of logging to conservation, extending rotation cycles, and reducing deforestation and forest degradation (REDD+) in the International Voluntary Carbon Reduction Standards (VCS). It is expected to generate an annual emission reduction of 1.27 million tons. Next, both parties will deepen cooperation on the domestic forestry resources of Yihua Life, conduct further inventory, and initiate the development of China's voluntary greenhouse gas reduction (CCER) program.

Yihua Life Technology Co., Ltd. was formerly known as Guangdong Yihua Wood Industry Co., Ltd. The first private enterprise listed in Shantou with an annual output value exceeding 10 billion yuan, and the first Chinese enterprise to export and sell wooden products under its own brand. Yihua Life vigorously implements the "industrial chain integration" strategy by mastering forest resources. Yihua Life has over 6 million acres of forest resources; We have sixteen major manufacturing bases with a total area of 7000 acres, a construction area of approximately 4 million square meters, and an annual production scale of 4 million sets of solid wood furniture, 8 million square meters of wooden flooring, and 5 million sets of sofas. Form an integrated whole industry chain of "afforestation felling processing research and development production sales". Meanwhile, Yihua Life has established over 2000 specialty stores in more than 50 large and medium-sized cities in China, and set up 18 experience centers in key cities such as Beijing, Shanghai, Guangzhou, and Shenzhen.

Yihua has actively participated in the national "the Belt and Road" construction, successfully registered trademarks in 35 overseas countries and regions, and exported and sold under its own brand.   More than 2000 distribution outlets have been established in various states in the United States, and Yihua Life's US subsidiary, Yihua Wood Industry (USA) Co., Ltd., has become the largest investment project for Chinese enterprises in the Los Angeles area of the United States; Yihua has also successfully entered Africa, investing in the development of 350000 hectares of forest resources in Gabon.

Hainan Grande Sun Carbon Asset Management Ltd, abbreviated as GS, is a wholly-owned subsidiary of International Carbon Asset Group Limited (ICA) headquartered in Hong Kong, China. Mainly engaged in carbon asset development and management within Henan Province. Jiahaisen has established long-term cooperative relationships with many enterprises and local governments, creating additional carbon asset management business income for corporate and government clients.

The company's expert team is based on the Chinese carbon market and mainly provides high-quality services to local governments and corporate clients. The services include carbon quota based compliance services, trading advisory services based on emission reduction carbon assets, government and enterprise carbon peak and carbon neutrality path design, diagnosis and business opportunity analysis of emission source carbon saving capacity, price discovery and supply and demand forecasting, and carbon finance value-added services.

At present, the regional carbon market and global carbon market are developing vigorously, with a surge in trading volume. The determination of heads of state on climate issues is becoming increasingly firm, and policies and legislation are gradually being clarified. President Xi has also delivered speeches in public multiple times, repeatedly emphasizing the importance of China's "3060" target and its determination to implement it. At the same time, various departments of the country have successively issued corresponding policies, confirming China's firm belief that it will take the lead in the dual carbon field and climate issues, move forward courageously, and not fear difficulties and obstacles.

Jiahaisen will deeply cultivate the field of dual carbon services, striving to provide comprehensive, high-quality, and professional services to more government and corporate clients. This signing is a milestone step for Jiahaisen and a significant milestone. This marks the completion of Jiahaisen's international carbon market asset management business loop and the complete integration of the service ecosystem for overseas business.

In the future, Jiahaisen will take this as a starting point, be down-to-earth, and continue to provide dual carbon related services to more customers. The business area will gradually be centered in China and radiate outward, starting a global strategic layout and adding bricks and tiles to China's "3060" plan, leaving no room for effort.