Chiho Environmental Group Limited (“CEG”,00976) is a global leader in the metal recycling and environmental protection industry, primarily engaged in the collection, recycling, disassembling, sorting and processing of mixed metal scraps and other resources to recover reusable resources including ferrous and nonferrous metals, precious metals, plastic, paper and spare parts. We process industrial metal scraps including steel, iron, copper, aluminum and other metal scraps from manufacturing, end-of-life vehicles (“ELV”) and appliances, factories and buildings demolition, household and industrial electronic waste, and municipal waste. The Group currently has a presence in over 30 countries and regions spanning Europe, Greater China, and North America, operating more than 200 sites including metals processing facilities equipped with the one-stop system for collecting, gathering, sorting and processing. Additionally, CEG sells high quality metal scraps, scrap PCB boards, and other products to various end users including copper refineries, foundries, smelters, steel mills, as well as aluminum and copper products manufacturers worldwide. The Group completed its acquisition of Scholz Holding GmbH (“Scholz”), one of the world's largest mixed metal recyclers with advanced ELV processing capability, at the end of 2016. With more than a century of history, Scholz has developed several advanced technologies to become one of the few companies in the world capable of handling and recycling multiple types of materials. Through urban mining and recovering reusable resources, CEG aims to reduce our reliance on natural resources and our environmental footprint.