To The Moon

Recently, Morgan Stanley noted in its U.S. equity strategy report that despite rising concerns around the structural impact of artificial intelligence, capital expenditure cycles, and potential labor displacement, its outlook for an “early-cycle, rotational recovery” in 2026 remains unchanged. At the same time, investor attention toward “hard assets” has continued to strengthen, with sectors such as industrials, materials, and metals outperforming in recent months. The report also highlights that companies with relatively higher capital expenditure-to-sales ratios have generally been favored by the market since mid-last year. Key drivers include the onset of a new business and earnings cycle, accelerated data center construction linked to AI, and policy support for investment expansion.

For $One and one Green(YDDL)$ , these observations provide meaningful context. In the past, artificial intelligence has largely been viewed through the lens of software, computing power, and applications. However, as the importance of infrastructure, energy systems, power grids, materials, and supply chain resilience becomes increasingly evident, resource-oriented and asset-intensive sectors are returning to the forefront of investor focus. For the circular metals industry, this suggests a shift toward recognizing companies that can deliver stable feedstock sourcing, compliant processing capabilities, and scalable production—rather than focusing solely on short-term commodity price fluctuations.

$One and one Green(YDDL)$ has long focused on e-waste recycling and the production of recycled metals, with core operations covering copper alloy ingots, aluminum products, and other reusable materials. The Company believes that future competition in resources will not only be about “access to primary resources,” but also about “the ability to efficiently recycle,” “to organize cross-border feedstock compliantly,” and “to convert complex e-waste into sustainable material supply.” From this perspective, recycled copper and circular metals are not merely supplementary sources, but are increasingly being recognized as an integral component of global resource security, supply chain resilience, and the circular economy.

This perspective underpins $One and one Green(YDDL)$ ’s recent strategic focus in several key areas: expanding international feedstock channels to enhance cross-regional sourcing capabilities; upgrading processing technologies and equipment to improve the efficiency of handling complex e-waste; and strengthening compliance systems to support long-term, sustainable operations. The Company believes that as markets place greater emphasis on “hard assets” and real supply capabilities, compliance, feedstock access, and processing capacity will become increasingly critical long-term competitive factors for recycled metals companies.

In the near term, copper and other resource prices may continue to be influenced by inventories, demand cycles, macro liquidity, and market sentiment, and volatility may persist. However, over a longer horizon, demand for stable supply of copper and other critical metals—driven by AI infrastructure, grid upgrades, electric vehicles, and supply chain localization—remains an important consideration. Morgan Stanley also notes that the relative strength of hard asset sectors is not merely a short-term phenomenon, but is linked to sustained capital expenditure expansion, AI-driven infrastructure development, and supportive policy trends, which may continue into 2026.

$One and one Green(YDDL)$ will remain focused on its core business, steadily advancing feedstock channel development, processing capacity upgrades, and compliance operations, with the aim of strengthening its long-term operating capabilities within the circular metals value chain. We believe that as global markets place increasing importance on investment, supply security, and resource resilience, the long-term value of the recycled metals industry may receive broader recognition.