Everbright Greentech Secures Zhejiang Lishui Industrial Solid Waste Integrated Treatment and Shandong Rizhao Industrial Solid Waste Integrated Treatment Project

14 March 2018, Hong Kong – China Everbright Greentech Limited ("Everbright Greentech" or the "Company") (HKSE: 01257) is pleased to announce that the Company has recently secured Zhejiang Lishui Industrial Solid Waste Integrated Treatment Project ("Lishui Project") and Shandong Rizhao Industrial Solid Waste Integrated Treatment Project ("Rizhao Project"), with a total investment of approximately RMB452 million.

Lishui Project commands an investment of approximately RMB106 million, with an annual landfill processing designed capacity of 7,000 tonnes of industrial solid waste. The project will focus on the treatment of hazardous waste from the urban areas of Lishui City, which include nine counties (county-level municipalities and districts), and the Lishui Economic Development Zone. The project will be constructed on a BOT (Build-Operate-Transfer) model for a concession period of 25 years.

Rizhao Project will be constructed in two phases. The project phase I commands an investment of approximately RMB346 million, with an annual incineration processing capacity of 30,000 tonnes and an annual physical-chemical treatment capacity of 20,000 tonnes. It will mainly process hazardous waste and industrial solid waste from Rizhao City and its surrounding areas. The project phase I will be constructed on a BOO (Build-Operate-Own) model, with a concession period of no less than 30 years.