Everbright International Secures Tianjin Ji County Biomass Project and Henan Xiayi Integrated Biomass and Waste-to-energy Projects

14 September 2016, Hong Kong - China Everbright International Limited ("Everbright International" or the "Group") (HKSE: 00257) is pleased to announce that the Group has recently secured Tianjin Ji County Biomass Project and Henan Xiayi Integrated Biomass and Waste-to-energy Projects, with a total investment amounted to approximately RMB778 million.

Everbright International signed an investment agreement with the People's Government of Ji County in Tianjin on 23 August to invest in and construct Tianjin Ji County Biomass Power Generation Project ("Ji County Project"). A total of RMB320 million will be invested into the Ji County Project which will be constructed on a BOO (Build-Operate-Own) model with an annual biomass material processing designed capacity of 280,000 tonnes. It is expected to generate approximately 209,300,000 kWh of green electricity annually. Ji County Project will be equipped with a 130t/h furnace and a 30MW turbine power generator.

Ji County, located in the far north of Tianjin, is a predominately agricultural county with rich agricultural and forestry biomass resources. Ji County Project marks a breakthrough for Everbright International as the Group's first environmental protection project in the Beijing-Tianjin-Hebei region. It is of great strategical importance for the Group which seeks to strengthen its presence in the region.

In addition, on 13 September, the Group entered into an investment agreement on a biomass power generation project and a concession agreement on a household waste-to-energy project with the People's Government of Xiayi County in Henan Province. The Group will invest in and construct Xiayi Integrated Biomass and Waste-to-energy Projects. Xiayi Integrated Biomass and Waste-to-energy Project (Biomass) will be constructed on a BOO (Build-Operate-Own) model and Xiayi Integrated Biomass and Waste-to-energy Project (Waste-to-energy) will be constructed on a BOT (Build-Operate-Transfer) model for a concession period of 30 years.

Xiayi Integrated Biomass and Waste-to-energy Project (Biomass), with an investment of approximately RMB228 million, is designed to have a biomass material processing designed capacity of 150,000 tonnes per annum and is expected to generate approximately 110,000,000 kWh of green electricity annually. The project will be equipped with a 75t/h furnace and a 15MW turbine power generator.

Meanwhile, Xiayi Integrated Biomass and Waste-to-energy Project (Waste-to-energy), with an investment of approximately RMB230 million, has a designed daily household waste processing capacity of 400 tonnes. Gas emissions will fully comply with the Euro 2010 Standard and is expected to generate 46,000,000 kWh of green electricity annually.

Xiayi County has been rated as "China's Outstanding Food-producing County" for ten consecutive years because of its rich agricultural resources and the abundant amount of wheat, corn, soybeans, fruits and vegetables that it produces. Xiayi Integrated Biomass and Waste-to-energy Projects, the first biomass and waste-to-energy integration project in Henan Province, will be located near Dangshan Integrated Biomass and Waste-to-energy Projects in Anhui Province, which has already been completed, as well as neighboring Xiao County Integrated Biomass and Waste-to-energy Projects in Anhui Province, which is still under construction. The Group will implement a regional-level planning and coordination strategy among the three integration projects in the future to facilitate the sharing of biomass fuel resources, and to create synergy and an aggregation effect.