Sound Global Secures Two New BOT Projects

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Monday, 10 February 2014, 19:25 HKT/SGT

HONG KONG, Feb 10, 2014 - (ACN Newswire) - Sound Global Ltd. ("Sound Global", or the "Company"; Hong Kong Stock Code: 00967.HK) is pleased to announce that the Company has won the following bids: the project to build a number of sewage treatment plants in Xishui County, Guizhou Province and the sewage treatment plant BOT project for Jikou New Emerging Industries Park (Phase I) of Sanming City, Fujian Province, PRC.

The project to build a number of sewage treatment plants in Xishui County
Located in Xishui County of Guizhou Province, phase I of the project includes the construction of sewage treatment plants for 12 villages and townships within the county, all of which will be funded by Sound Global. The BOT (Build; Operate and Transfer) mode will be adopted for the investment, construction, operation and transfer of these plants, and the BT (Build and Transfer) mode will be used for the investment and construction of the ancillary drainage network. The aggregate investment amount of the project is approximately RMB260 million and the concession period granted to the Company is 30 years. As regards the drainage network, it will be repurchased over a three-year period. After completion, the project will not only significantly improve the ecosystem of the surrounding regions of the Chishui River, but also greatly promote the eco-friendly development in the new rural areas.

The sewage treatment plant BOT project in Sanming City
The sewage treatment plant BOT project for Jikou New Emerging Industries Park (Phase I) of Sanming City is located at the Sanming Taiwanese Investment Zone of Sanming City, Fujian Province. Its investment and construction will be undertaken by Sound Global. The long-term and short-term designed daily treatment capacity of the project will be approximately 45,000m3/day and 15,000 m3 /day, respectively. It will be invested, built, operated and transferred as a BOT project. Total investment amount of phase I of the project is approximately RMB50,640,000. It has a licensed operating term of 31 years (inclusive of 1-year construction period). Construction of the project will have great significance to the economic development and sustainable development of Sanming Taiwanese Investment Zone.

Mr. Wen Yibo, Chairman of Sound Global said "the intensive construction of sewage treatment plants and the coordinated treatment of sewage in this region is another typical example of comprehensive sewage management in townships and villages after the successful implementation of bundled sewage treatment projects in rural areas of Changsha, Jiangyan, Siyang, Xinghua and Xintai. Leveraging on its competitive edges in technology, capital, operation management and full industry chain, using its advanced patented technology SMART, and through intensive, modularized and centralized management, Sound Global is able to simplify its operational management to a large extent, save operating cost, improve the stability, reliability and efficiency of the system, which can help the Country to identity a cost-effective solution to deal with environmental management issues in towns, villages and rural areas in China. The sewage treatment project (all inclusive) in Xishui County is the first pilot project at provincial level being put into practice following the signing of the Agreement on Strengthening Comprehensive Cooperation between Energy-saving and Environmental Protection Industries between Sound Global and Guizhou Provincial Development and Reform Commission on 8 September 2013, and the commencement of this project will accelerate Sound Global's pace in expanding its foothold in Guizhou and the entire Country."

Mr. Wen also claimed "Sound Global has continued to make new achievements after winning the sewage treatment plant BOT project in Hebei, Anhui, Xinjiang, Jiangsu and Shandong recently. Sound Global has successfully won the bid for the sewage treatment plant BOT project for Jikou New Emerging Industries Park (Phase I) of Sanming City, which will have significant positive impact on its market positioning in Mainland China, especially the sewage treatment market in the Southeast region. Sound Global will fully leverage on its competitive edge in technology, capital, management and complete industry chain to provide effective solutions for sewage prevention and treatment in Fujian Province. In addition, Sound Global, as a leader in China's water industry, will achieve better and steady development in the domestic water market."

About Sound Global Ltd.
Sound Global is one of China's leading turnkey water & wastewater treatment solutions providers. Backed by extensive R&D and technical expertise, it has successfully completed many award-winning projects. The Group develops proprietary technologies and customizes them into effective turnkey solutions for industrial and municipal projects. It has a strong marketing network in China, where it is much sought after for its strong design and engineering project management capabilities. In 2006, Sound Global diversified into the management of water treatment plants. It has also invested in build, operate and transfer (BOT) projects to diversify its project portfolio. The Group acquired Beijing Hi-Standard Water Treatment Equipment Co., Ltd, progressing towards its aspiration of becoming a fully integrated services provider. Sound Global was named one of the Top Ten Influential Water Industry Engineering Companies in China in 2007 and ranked first among the Top Ten Outstanding Engineering Companies in 2009. Executive Chairman Wen Yibo was named one of the Top Ten Influential People in the Water Industry in China in 2005, 2006 and 2007.

Topic: Press release summary Sectors: Daily Finance, Daily News
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