Everbright Greentech Secures Zhejiang Songyang Hazardous Waste Integrated Treatment Project and Jiangsu Feng County Integrated Biomass and Waste-to-Energy Project

2 January 2019, Hong Kong – China Everbright Greentech Limited ("Everbright Greentech" or the "Company") (HKSE: 01257) is pleased to announce that the Company has recently secured Zhejiang Songyang Hazardous Waste Integrated Treatment Project ("Songyang Project") and Jiangsu Feng County Integrated Biomass and Waste-to-Energy Project ("Feng County Project") (Waste-to-Energy), with a total investment of approximately RMB700 million.

Songyang Project commands an investment of approximately RMB153 million, with a designed annual hazardous waste processing capacity of 100,000 tonnes, half of which is designed for the disposal of sludge generated from the stainless steel industry. The project will be invested in and constructed based on a BOO (Build-Operate-Own) model for an operation period of no less than 50 years. It will be mainly responsible for processing hazardous waste and industrial solid waste in Songyang County of Lishui City, Zhejiang Province.

Feng County Project (Waste-to-Energy) commands an investment of approximately RMB547 million, with a designed daily household waste processing capacity of 1,000 tonnes. It is expected to provide approximately 115,000,000 kWh of green electricity annually. The project will be invested in and constructed based on a BOT (Build-Operate-Transfer) model for a concession period of 30 years. Its gas emissions will fully comply with relevant national standards, with the daily average level of online monitored gas emissions superior to the Euro 2010 Standard.