On February 26, 2010, at the request of the Chongqing Municipal Development and Reform Commission, Zhongtian Environmental Protection Industry (Group) Co., Ltd. (hereinafter referred to as Zhongtian Environmental Protection) and Singapore GreenTech Environmental Technology Pte. Ltd. (hereinafter referred to as Singapore GreenTech) invested 35 million RMB to establish a Sino-foreign joint venture, Chongqing Zhongtian Electronic Waste Treatment Co., Ltd. (hereinafter referred to as Zhongtian Electronic Waste). The company became a project company franchised by the Chongqing Municipal Government for electronic waste treatment. The franchised service scope covers electronic waste treatment and disposal within the Chongqing municipality. Its main business includes the collection, storage and transportation, dismantling and comprehensive resource utilization of waste electrical and electronic products, as well as the extraction and sale of precious metals.
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