By Third-party Service Model, Sound Global Won Over RMB400million Industrial Sewage Contract

Wednesday, 3 December 2014, 08:39 HKT/SGT

HONG KONG, Dec 3, 2014 - (ACN Newswire) - Sound Global Ltd. ("Sound Global" or the "Company"; Hong Kong Stock Code: 967) recently entered into a wastewater treatment DBO (Design-Build-Operation) contract with Furuide Leather Industrial Co., Ltd, which involves design, construction and an operating period of 10 years, and stipulates that tail water discharge shall comply with the "Standards on Discharge of Industrial Wastewater from Leather and Fur Processing"(GB 30486-2013), the latest standards of the State. The contract amount is approximately RMB455 million.

Furuide Leather Industrial Co., Ltd currently has a daily processing capacity of over 10,000 cowhides and 10,000 footwear leathers, and will become one of Asia's largest leather producers after its capacity is fully put into operation. The DBO model for industrial wastewater treatment was tailored by Sound Global for Furuide Leather Industrial Co., Ltd by fully exerting the Company's professional advantage in wastewater treatment services. It will also enable Furuide Leather Industrial Co., Ltd to break through the development bottleneck in pollution treatment, concentrate on product improvement and promote corporate development.

Mr. Wen Yibo, Chairman of Sound Global, comments that leather-related wastewater is a major source of industrial pollution in China which involves complicated treatment process. With its accumulated expertise and experience in the sophisticated treatment of industrial wastewater over the past two decades, the Company has adopted the third-party treatment DBO model to thoroughly overcome the development bottleneck of Furuide Leather Industrial Co., Ltd arising from limited environmental conditions. It will inevitably become a model project in leather-related wastewater treatment and have strong demonstration effect. Meanwhile, it will also enable the Company to gain more market share in industrial wastewater treatment and therefore bring a stable source of income to the Company.

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)SMART: Small & Skillful, Multiple & Modular, Active & Automatic, Rapid and Technologic

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