Recently, WELLE Group, in partnership with Juncapital Holdings and other collaborators, successfully completed the signing of the BioEnergy Lim Chu Kang, Singapore (hereinafter referred to as the "BE Project"), a local biogas power generation project in Singapore. As the Group's first bioenergy investment project in the Southeast Asia region, this signing represents a breakthrough in the company's overseas bioenergy business expansion, laying the foundation for WELLE to further cultivate the Southeast Asian bioenergy market and establish a regional benchmark project.

The BE Project is located in the Seng Choon Farm, with daily capacity of 70 tons of chicken manure and 200 tons of organic waste. The project utilizes anaerobic digestion technology to convert organic waste into biogas for power generation, with an expected annual power output exceeding 15 million kWh. Furthermore, this project meets the conditions for applying for green electricity certificates and carbon emission reduction benefits, balancing carbon emission reduction benefits while laying a solid foundation for the Group's future participation in green electricity trading.
WELLE Group has deep expertise in the field of organic waste anaerobic resource utilization for many years. Its wholly-owned subsidiary, Hangzhou Environmental Energy Engineering Co., Ltd., has long been dedicated to the research & development and engineering application of various anaerobic energy utilization technologies for organic waste. Its unique core technology for high ammonia nitrogen anaerobic digestion has been successfully applied in multiple benchmark chicken manure biogas projects both domestically and internationally. Notably, the Shandong Minhe chicken manure biogas project has been operating stably for 17 years since its commissioning in 2009. Relying on long-term engineering operational practice and continuous technological optimization and upgrading, WELLE has solidified its core competitiveness in the field of organic waste anaerobic resource utilization.
Leveraging its core technological strength and professional operation & management capabilities, WELLE will conduct comprehensive systematic optimization and upgrading of the project: Upgrading pretreatment and anaerobic process equipment to address the high sand content and high ammonia nitrogen characteristics of the chicken manure feedstock; upgrading core equipment and refining process parameter control for the advanced treatment of high-concentration digestate, simultaneously achieving efficient recovery of nutrients and ensuring treated digestate meets discharge standards for pipeline connection. This will help the project achieve efficient, stable, and sustainable long-term operational goals, continuously injecting momentum into regional green and low-carbon development.

The successful signing of this project represents not only WELLE Group's business expansion in the field of overseas collaborative organic waste resource utilization but also a significant milestone in the Group's expansion of overseas bioenergy business. Taking this project as an opportunity, WELLE will actively explore market opportunities in Southeast Asia and other regions, leveraging mature technology and operational experience to systematically advance business development and model implementation in the overseas bioenergy market.