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Code chain new continent limted

CCNC

Industrials

1

exclusion reason

1 theme

Fossil Fuels (1)
CCNC Industrials Current as of April 2026

This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. But it is subject to change as our understanding of the facts evolves.

Coal Operations
Since Jul 28, 2021

Code Chain New Continent Limited, now operating as GD Culture Group Limited, is a wholesale trader of thermal coal and coke. Its primary business segment is coal wholesale, which includes the sales, storage, transportation, and processing of steam coal. The company’s corporate filings and business descriptions consistently identify coal and coke wholesale as a core operational focus.

The company has been subject to regulatory scrutiny and litigation. It was formerly a blank check company and has faced litigation concerning intellectual property rights violations. While specific financial breakdowns of its coal operations are not detailed in the gathered evidence, its public corporate identity and reported business activities are centered on the thermal coal trade.

Research Sources 7 organizations

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Companies appear on our exclusion list based on our investment judgment — not because they've done anything illegal. This is a difference of values and opinion, not an accusation of wrongdoing. Exclusion does not constitute a recommendation against investing in any company, and absence from the list does not constitute a recommendation to invest.

This information is provided for educational and transparency purposes only and should not be relied upon as investment advice. Data is drawn from independent watchdogs, NGOs, government registries, and Ethical Capital's ongoing research — see Research Sources for the full list.

Ethical Capital LLC is a state-registered investment adviser in Utah (CRD #316032). Registration does not imply a certain level of skill or training.