Guangzhou Grez Resources Recycling Co., Ltd.

Grez Co., Ltd. is a leader in the lifecycle management of textiles and clothing. The group headquarters is a listed enterprise on the Guangdong Equity Trading Center, a key contact unit for used clothing recycling designated by the Ministry of Commerce, and a national key enterprise in the whole industry chain, carbon emission reduction, and carbon emission. The group subsidiary is a key contact unit for used clothing recycling designated by the Ministry of Commerce. It is a high-tech environmental protection enterprise integrating recycling, sorting and processing, trading, and warehousing logistics in the fields of environmental protection, green and low-carbon, and circular development. The enterprise adheres to the development philosophy of diversified investment, professional operation, standardized procedures, and scientific management, using sorting centers as carriers, recycling networks as support, comprehensive utilization as the goal, technological innovation as the basis, and leveraging points to connect the entire chain. The company aims to become a closed-loop environmental protection enterprise integrating supply chain logistics, supply chain finance, supply chain management, and supply chain services. The company currently operates multiple business segments including nationwide recycling, sorting and processing, international trade, second-hand circulation, recycled fibers, and new material manufacturing. With diverse recycling methods, it has established recycling networks in 245 cities nationwide, covering the whole country, making it a pioneer in "Internet + IoT + AI" recycling. Its sorting and processing capacity covers over 160 product varieties, with advanced technology and multiple domestic and international system certifications. International trade covers 108 countries globally, making it a leader in the domestic field of post-lifecycle management of clothing. The company employs over 1,000 people and has an annual processing capacity of 150,000 tons. The core enterprise of the group, Guangzhou Grez Co., Ltd., was listed on the New Fourth Board in May 2021 with stock code 880572, officially beginning its exploration of the capital market.