An investor inquired whether the company's Tiger Brother service would not benefit from the "Notice on Further Strengthening the Construction of the Electric Bicycle Lithium-ion Battery Recycling and Utilization System" jointly issued by the General Office of the Ministry of Industry and Information Technology and the General Office of the All-China Federation of Supply and Marketing Cooperatives. In response, the Secretary of the Board of Hangzhou Dadi Haiyang Environmental Protection Co.,Ltd. stated that Tiger Brother employs an "internet + recycling" model and has established a fully traceable system for the door-to-door collection, information verification, centralized transportation, and professional dismantling of end-of-life electric bicycles. The notice's core focus is to leverage the renewable resource network of supply and marketing cooperatives and encourage models such as "internet + recycling" and "replacement + recycling," along with strategic deployments by leading enterprises and digitalized monitoring. These measures are conducive to promoting the standardized recycling and utilization of lithium batteries and fostering the sustainable development of the industry. The company expressed gratitude for the investor's interest.
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