CEO plans to undertake a special scientific research project from the Shanghai Municipal Science and Technology Commission

According to the announcement from ZhiTong Finance APP, FuJie Environmental Protection (688335.SH) announced that the company intends to sign a "Strategic Frontier Special Project Task Contract" with the Shanghai Municipal Science and Technology Commission. The company will act as the leading unit and collaborate with multiple units to carry out a special research project on the key technology and pilot verification of the directional conversion of biogas to green methanol. This project will focus on the development and industrialization process of green fuel technology from biogas. The company aims to promote technological innovation, pilot verification, achievement transformation, and industrial application through this special research project, facilitating the efficient preparation of hydrogen-based green fuels such as green methanol from resources like sewage, sludge, and waste at urban sewage treatment plants and waste treatment plants. If the task contract is successfully signed, it will positively impact the company's advancement in the industrialization of green fuels and contribute to the achievement of the company's strategic development goals. According to the proposed task contract, the total special funding expected to be obtained by the company and the collaborating research units is no more than 34.52 million yuan. The company is the leading party for this project, and it, along with the collaborating research units, will orderly conduct research and experiments for the special research project. The Shanghai Municipal Science and Technology Commission will assess and manage the implementation plan and milestone nodes of the task contract, and will allocate special funding in batches based on the assessment results. After receiving the special funding, the company needs to allocate part of the special funding to the collaborating research units. The company will fulfill its information disclosure obligations in a timely manner based on the subsequent allocation of special funding. There remains uncertainty regarding whether the proposed special research project can be successfully implemented and accepted, as well as the final amount of special funding that the company and the collaborating research units can obtain. The actual special funding received by the company will be based on the actual amount received subsequently