ENVISION GREEN (01783) announced that on January 28, 2026, the company entered into a strategic framework agreement with Tianqi Grand Vision Energy Limited (Tianqi Grand) to further collaborate in the following areas: 1. Core R&D Collaboration: The contracting parties will cooperate in core research and development areas, including the joint development of lithium-ion battery recycling technologies (covering battery recycling technology and the downstream processing technology for black mass), and enhancing the refining and recovery capabilities for high-value materials like black mass. To facilitate this cooperation, the parties will establish joint laboratories or projects, focusing on solving key challenges in full-process recycling technology, while jointly applying for research funding in Hong Kong, China, and internationally. 2. Equity Investment Collaboration: Upon completion of an investment feasibility study, the contracting parties plan to establish a capital partnership through cross-equity investments. This collaboration aims to finalize the development of closed-loop battery recycling technology and enhance Hong Kong's related processing capacity. Furthermore, the parties will jointly expand overseas battery recycling business, with the first station located in Hong Kong, China, and gradually extend to other regional centers based on the progress of the cooperation. 3. Black Mass Material Cooperation: The company will supply Tianqi Grand with qualified battery black mass materials. The Board believes that this agreement with Tianqi Grand concerning lithium battery recycling, dismantling, black mass processing, and precious metal extraction in Hong Kong will create strong operational and industrial synergies for the contracting parties. By integrating upstream recycling and dismantling capabilities with downstream recycling and product development, this collaboration is expected to optimize resource allocation, improve overall recycling efficiency, and create higher value throughout the entire lifecycle of lithium batteries, thereby enhancing the competitiveness and profitability of the parties in the evolving battery materials industry. Additionally, the Board further believes that this agreement will enable the company to deepen its participation in the circular economy and green energy value chain, while consolidating its position in the Hong Kong market. Leveraging the respective technical strengths and industry experience of the contracting parties, the agreement is expected to support the establishment of a compliant and scalable recycling platform, strengthening the company's environmental, social, and governance (ESG) performance and market recognition, ultimately creating sustainable value for the company and its shareholders.