AEC GROUP (08320) Establishes Subsidiary Shanghai Peiran to Further Expand Mainland China Operations

AEC GROUP (08320) announced the recent establishment of an indirect wholly-owned subsidiary, Shanghai Peiran Environmental Technology Service Company Limited, to further expand its operations in mainland China. Based in Shanghai, Shanghai Peiran aims to extend its business reach across the entire Yangtze River Delta region and nationwide. Shanghai Peiran is committed to providing consulting services in green, healthy, and smart buildings, ESG strategies, carbon neutrality, sustainable industrial parks, green finance, and innovative technologies. Specifically, the future development of these services encompasses the following areas: (i) delivering comprehensive one-stop services for green, healthy, and smart buildings, including design, certification, operations, and upgrades; (ii) strengthening ESG and dual carbon target solutions to facilitate sustainable transformation for corporate entities and industrial parks; (iii) advancing green finance and disclosure system development to help real estate development and other industry clients create added value; and (iv) establishing cross-regional and professional collaboration networks to support the achievement of national carbon peak and carbon neutrality goals. Shanghai Peiran possesses a newly joined professional consulting team with extensive practical certification experience in multiple fields within mainland China, including green, healthy, and smart buildings, ESG, climate transition, carbon neutrality, green technology, green finance, and building performance simulation. Their expertise covers certifications such as GRESB Global Real Estate Sustainability Benchmark, LEED Volume certification, LEED Communities certification, LEED Zero carbon certification, WELL healthy building certification, SITES landscape certification, TRUE waste certification, PARKSMART parking certification, ISO14064, Science Based Targets initiative (SBTi), GRI sustainability reporting standards, ISSB International Sustainability Standards Board standards, green finance taxonomy, as well as carbon accounting and carbon auditing.