Everbright Greentech Secures Jiangsu Changzhou Tianma Group and Surrounding Contaminated Sites Remediation Project (Stage I)

Hong Kong, 13 May 2020 – China Everbright Greentech Limited (“Everbright Greentech” or the “Company”) (Stock code: 1257.HK) is pleased to announce that the Company recently secured Changzhou Tianma Group and Surrounding Contaminated Sites Remediation Project ("Changzhou Project") (Stage I) in Jiangsu Province, which marks by far the largest contaminated soil remediation service contract secured by the Company since it entered the environmental remediation sector.

Changzhou Project (Stage I), with a contract value of approximately RMB142 million, will be implemented through a general construction contract, which is responsible for the remediation works of the area located south to the Feilong Road under the Changzhou Project. The remediation works include the remediation of contaminated soil and polluted water, the construction of waste gas and waste water treatment facilities, the prevention and control of secondary pollution, among others.

Mr. QIAN Xiaodong, CEO of Everbright Greentech, said, “As an important part and a long-term demand of China’s ecological and environmental governance, the market of soil environment management is gradually opening up, with the improvement of relevant industry policies and standard systems. In response to the policy and market trends, Everbright Greentech has been actively developing environmental remediation business, with an aim to gradually position it as an advantage business segment that facilitates the Company's next round of development. Securing Changzhou Project (Stage I) represents a breakthrough for the Company in the field of soil remediation. Looking forward, Everbright Greentech will adhere to the construction concept of ‘Producing Quality Projects and Building a Quality Brand", and leverage its excellent technical strength and project management capability, to develop the Company’s environmental remediation projects into industry benchmarks . ”