$LMS Compliance(LMS.SI)$ ， Shenzhen GDR Carbon Asset Co., Ltd., and ACC (Shanghai) Quality Testing Technology Co., Ltd. have signed a two-year Memorandum of Understanding (MoU) to collaborate on "Dual Carbon" business initiatives. Guided by principles of equality and mutual benefit, this strategic partnership leverages AI technologies to foster joint business growth and establishes a specialised joint working group to drive a "Shanghai, Shenzhen, and Singapore" tri-city linkage.
The core of this alliance is a robust resource exchange mechanism. GDR Carbon—a leading Chinese enterprise in carbon asset development—will utilise the international testing, inspection, and certification network of SGX-listed LMS Compliance. Conversely, LMS and its Chinese subsidiary, ACC (Shanghai), will gain direct access to GDR Carbon's extensive domestic market resources.
The parties will advance specific initiatives through a collaborative, project-based model focusing on five critical sectors:
1. Global Carbon Trading: Connecting domestic voluntary emission reductions (Non-CCER Carbon Assets) to international trading systems, particularly in Southeast Asia.
2. International Qualifications: Jointly delivering carbon footprint accounting and compliance services to meet stringent global regulations, including the Carbon Border Adjustment Mechanism (CBAM), the EU Battery Act, and CORSIA.
3. Zero-Carbon Industrial Parks: Developing organisational carbon reduction methodologies and energy efficiency technologies.
4. Agricultural Exports: Integrating domestic and international certification needs to build platforms for exporting local specialities.
5. ESG Consulting: Providing targeted ESG rating and improvement services grounded in compliance requirements.
While the two-year MoU serves as a general statement of intent governed by the laws of the People's Republic of China, individual projects will be formalised via separate written agreements. Furthermore, all parties are bound by strict confidentiality regarding shared business plans, customer information, and technical data
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