New Concepts Holdings Ltd. has announced a significant investment in a new urban biomass biorefining and carbon sequestration project in the People's Republic of China. On June 24, 2025, the company entered into an agreement with the Haimen Economic and Technological Development Zone to invest USD 3.60 million (approximately HKD 28.35 million) in the project. This investment will be used to operate and implement the initiative, with the Haimen Economic and Technological Development Zone providing infrastructure support and assisting in obtaining necessary approvals and permits. As part of the agreement, New Concepts Holdings will establish a wholly-owned subsidiary, the Project Company, to oversee the project's development.
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