DGAP-News: ZhongDe Waste Technology AG / Key word(s): Contract/Disposal ZhongDe Waste Technology AG signed contract to sell Beijing Miyun manufacturing site 23.12.2013 / 12:00 --------------------------------------------------------------------- ZhongDe Waste Technology AG signed contract to sell Beijing Miyun manufacturing site Frankfurt, December 23, 2014 - Following its business strategy to focus on large-scale BOT and EPC projects, ZhongDe Waste Technology has signed a contract to sell its subsidiary Beijing ZhongDe Fengquan Environmental Protection Technology Ltd. ('Beijing ZhongDe') for 50 million Renminbi (about 6 million Euros). Beijing ZhongDe is the owner of the Beijing Miyun manufacturing site for small-size incinerators. The sale will have a positive impact on the company's earnings of the fourth quarter 2013. Furthermore the sale of Beijing ZhongDe provides the Group with a cash inflow to be used for its current BOT and EPC projects as well as for investing in future projects. Consistent with ZhongDe's strategy, the management also terminated the contracts of its EPC projects in Zhaodong and in Shouguang as expected. Thus from now on the company can fully concentrate on the completion of its current BOT and EPC projects and on starting the construction of the BOT project in Lanzhou and the EPC project in Wuhai. Especially these two projects will generate additional profit for the company in the upcoming years. Furthermore, two of ZhongDe's energy-from-waste plants, one located in Zhoukou and the other one in Xianning, have entered into trial operation and are expected to be completed in 2014. About ZhongDe Group ZhongDe Group designs, invests, constructs, finances and operates energy-from-waste plants generating electricity from the incineration of solid municipal and industrial waste. ZhongDe realises either EPC (Engineering, Procurement and Construction) or BOT (Build, Operate and Transfer) projects, focusing on large-scale plants with waste disposal capacities of around 1,000 tons per day. Since 1996, ZhongDe Group has installed approximately 200 waste incinerators in 13 provinces throughout China. ZhongDe is one of the leading players in the project development and operation of energy-from-waste plants in China. Contact ZhongDe Waste Technology AG William Jiuhua Wang Executive Director and CFO E-Mail: [email protected] Ying Sun Investor Relations Messeturm 25th floor Friedrich-Ebert-Anlage 49 60308 Frankfurt am Main T: +49 69 50956 5655 F: +49 69 50956 5520 E-Mail: [email protected] Kirchhoff Consult AG Nicole Schüttforth Investor Relations Consultant T: +49 40 60 91 86 64 F: +49 40 60 91 86 60 E-Mail: [email protected] End of Corporate News --------------------------------------------------------------------- 23.12.2013 Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- Language: English Company: ZhongDe Waste Technology AG Messeturm 25th floor 60308 Frankfurt Germany Phone: + 49 69 50956 5655 Fax: + 49 69 50956 5520 E-mail: [email protected] Internet: www.zhongde-ag.de ISIN: DE000ZDWT018 WKN: ZDWT01 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart End of News DGAP News-Service --------------------------------------------------------------------- 246160 23.12.2013