UNITY GP HLDGS (01539) announced that the group has completed the climate advisor review of its EMC business, among other matters, and Zhixing Green Building subsequently successfully obtained its PIN number. Upon completion of project review and approval by Verra, carbon credits generated from the group's EMC business conducted globally under approved agreements will be certified and attributed to the group.

For every ton of verified potential carbon dioxide emission reduction achieved by the group's clients through adopting EMC business, Zhixing Green Building will receive one unit of carbon credit. Carbon credits can be traded on recognized trading platforms in exchange for cash.

According to statutory requirements in multiple jurisdictions, companies must purchase carbon credits to offset their carbon dioxide or other greenhouse gas emissions. Failure to fulfill this obligation requires payment of corresponding amounts under applicable laws and regulations (commonly known as carbon tax).

Based on available information obtained by the group (subject to further research), the Singapore government will impose a carbon tax of S$45 per ton starting from 2026, while the current trading price per unit of carbon credit in Europe is approximately €73. Therefore, the carbon credits to be obtained by the group constitute additional assets generated from the EMC business without incurring any additional production costs.

The group currently expects to obtain relevant carbon credits generated from EMC business during the initial ten-year period from the deployment date of the relevant EMC business, which can be renewed for another ten years upon expiration. Based on the group's best estimate regarding confirmed deployed EMC business, the group currently expects to obtain approximately 42,400 tons of carbon credits annually. Further deployment of EMC business in the future is expected to bring the group more carbon credit certifications.

Additionally, Zhixing Labuan has appointed Tek Securities as its financial advisor to provide advice on Zhixing Labuan's proposed issuance of RMB 200 million private climate Islamic bonds with approval from Labuan Financial Services Authority on Labuan Island. The proceeds from this issuance will be used to finance the development of EMC business.