Recently,PT Zhongtsing New Energy(hereinafter referred to as“Zhongtsing New Energy”),operating at CNGR's Morowali Site in Indonesia,officially obtained an Industrial Business License(Izin Usaha Industri,IUI)jointly issued by Indonesia's Ministry of Industry and Ministry of Investment and Downstream Industry.The license covers industrial activities related to sulfuric acid.

　　This marks another important milestone in the site's industrial ecosystem development and compliance management,following its successful certification under the Indonesian National Standard(SNI)for sulfuric acid products and the ISO 9001 quality management system around the same time last year.The new license represents a significant breakthrough in regulatory compliance and the commercial operation of the company's sulfuric acid business.

　　

　　The IUI is a key business license for Indonesia's industrial sector.Its rigorous assessment process covers multiple areas,including production processes,equipment configuration,production safety,and environmental protection.Obtaining the license involves an extensive review process and stringent compliance requirements.Following document verification,video-based site inspections,and online questioning,Zhongtsing New Energy successfully passed the Indonesian Ministry of Industry's review on October 22 and completed the licensing process on October 27.

　　Obtaining the IUI marks a milestone in Zhongtsing New Energy's development of a localized compliance management system.It also provides a regulatory foundation for CNGR's industrial ecosystem development in Indonesia and supports the transition of the company's by-products from internal coordination to external commercial operations.In terms of compliance,the license strengthens the company's foundation for lawful production and business operations while further expanding its portfolio of regulatory approvals in Indonesia.In terms of market access,it provides the necessary regulatory support for external sulfuric acid trading and compliant delivery,helping the company meet customer qualification requirements and establish supply chain partnerships.In terms of value creation,it extends the value chain for sulfuric acid production from flue gas,strengthens resource coordination at CNGR's Morowali Site,and enhances the company's ability to generate additional value from by-products.

　　Looking ahead,CNGR will continue to strengthen its compliance management systems and standardization efforts through regulatory assessments and compliance reviews.The company will reinforce closed-loop controls in safety,environmental protection,and quality management while steadily advancing market-oriented,standardized,and long-term operations across its business lines.Through these efforts,CNGR aims to further strengthen its global development and industrial ecosystem,moving steadily towards its vision of becoming“A Global Leading Innovator in Advanced Materials.”