An Active Player in PPP; Sound Global Wins 25-year Bundled O&M Project in Chongqing

Monday, 13 October 2014, 18:30 HKT/SGT

HONG KONG, Oct 13, 2014 - (ACN Newswire) - Sound Global Ltd. ("Sound Global" or the "Company"; stock code:967) is pleased to announce that it has entered into a cooperation agreement with Chongqing Yulong Asset Management (Holdings) Limited, the only state-owned asset management company controlled by People's Government of Jiulongpo District, Chongqing.

The State's highly-recommended Public Private Partnership ("PPP") mode is adopted by the parties for the Bundled Operation and Maintenance ("O&M") Project of 2 municipal sewage treatment plants and 14 rural sewage treatment plants (the environmental projects controlled by People's Government of Jiulongpo District, Chongqing). These sewage treatment plants with a daily total treatment capacity of 41,300 tonnes are designed to meet the Grade 1B standards as defined in the "Discharge Standard of Pollutants for Municipal Wastewater Treatment Plants"(GB18918-2002). The operation period is 25 years. The O&M model will be first applied to these 16 urban and municipal sewage treatment plants controlled by People's Government of Jiulongpo District in Chongqing, fully leveraging on the comprehensive technology and operation advantages of Sound Global in environmental governance to provide professional services for the eco-environment development of Jiulongpo District and Taohuaxi.

The O&M project of the 16 sewage treatment plants located in Jiulongpo District, Chongqing, is another typical example of comprehensive sewage treatment following the successful implementation of bundled sewage treatment projects in rural areas of Xishui, Huangping and Xingren County in South-western China. In addition, such cooperation will enable the Company to increase its market share and regional influence in water services and ecological governance in Jiulongpo District, and even in Chongqing as a whole.

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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