Located in Suzhou and Wuxi markets, Jiangsu Jiayuan is an environmental protection company that focuses on resource recycling, with a long-term commitment to integrated recycling and harmless disposal of solid waste relating to a printed circuit board (“PCB”) in the Yangtze River Delta region. Its core business covers the disposal and reuse of industrial hazardous waste, such as copper-containing sludge and etching waste liquid that is generated from PCB. Jiangsu Jiayuan has two subsidiaries, namely Jiangyin Zhongxin Resource Recycling Company Limited (“Jiangyin Zhongxin”), a wholly-owned subsidiary, and Kunshan Zhonghuan Industrial Company Limited (“Kunshan Zhonghuan”), in which Jiangsu Jiayuan holds a 68% equity.