Sound Global Won the Bid of Leiyang Project with Total Capacity of 200,000 tonnes/day

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Thursday, 14 August 2014, 22:30 HKT/SGT

HONG KONG, Aug 14, 2014 - (ACN Newswire) - Sound Global Ltd. ("Sound Global", or the "Company";Stock Code: 00967.HK) is pleased to announce that the Company has won the bid for a BOT project to build phase II of the Sewage Treatment Plant in Leiyang City of Hunan Province in August 2014.

The project with designed total daily treatment capacity of 200,000 tons will occupy an area of approximately 16 hectares and serve approximately 800,000 people on approximately 80 square kilometers with a service concession period of 30 years. The construction of this project consists of both short term and long-term construction. The short-term construction with a designed daily treatment capacity of 100,000 tons will occupy an area of approximately 10 hectares and adopt A2/O sewage treatment process. The quality of water discharged is designed to meet Class I B standard as set out in the Discharge Standards on Pollutants from Urban Sewage Treatment Plants (GB18918-2002). The aggregate investment for the project is approximately RMB330 million. Sound Global is responsible for the investment, construction, operation and transfer of the project. The construction of this project will play an important role in realizing the sustainable development for Leiyang City.

Mr. Wen Yibo, Chairman of Sound Global, comments that Hunan Province is a major populous province in China, and Leiyang is the biggest county level city in Hunan Province, one of the largest county level energy bases, a national hybrid rice production base, and is well-known for producing camellia. The construction of this project in Leiyang is of great significance to protecting the local ecological environment and improving the living condition of local residents. Besides, Leiyang is a populous city and has great potential for economic development. Sound Global will fully leverage its advantages in technology, capital, management expertise accumulated for years and the whole industry chain to capture more market share in Hunan Province.

About Sound Global Ltd.

Sound Global is the leading one-stop integrated water and wastewater treatment solutions providers in the PRC. The Company offers services covering the full value chain of the water and wastewater treatment industry - from the design and construction of water and wastewater treatment facilities, to the operation and maintenance of water and wastewater treatment facilities and the manufacture of water and wastewater treatment equipment. With advantages in technology, capital, management and whole industry chain, Sound Global has earned a high reputation within the water industry for its excellence since its founding. The Company has very extensive business networks covering all major provinces in PRC. On top of coverage in domestic market, sound global has also penetrated into overseas market in 2009 and continued expanding its business presence internationally. Sound Global is the first Chinese water enterprise that successfully won the bid for the overseas water project.

The Company places significant emphasis on its in-house design capability and the innovative adaptation and application of technologies to offer customized, cost-effective and practical solutions for the diverse challenges presented by the treatment of municipal and industrial water and wastewater. With strong R&D and technical capacity, Sound Global could provide wastewater treatment solution for all major industries, particularly coking, metallurgy and petrochemical industries who demand highly sophisticated wastewater treatment technologies.

In 2011, Sound Global expanded into the markets of environmental management in China's suburban-rural areas. Sound Global researched and developed a new program -- the "Sound Global SMART(1) Solution for wastewater treatment in Small Townships". This program was implemented in 18 bundled wastewater treatment projects in Changsha County of Hunan Province. This integrated wastewater treatment programs, developed by Sound Global, established successful models for wastewater treatment in suburban-rural areas of China.

(1)Small & Skillful, Multiple & Modular, Active & Automatic, Rapid and Technologic

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