Canvest Environmental Protection Group Company Limited announced that, on 28 July 2023, Canvest ­ Paul Y. Joint Venture, which was led by the Company, was awarded the Hong Kong North Lantau Transfer Station and Outlying Islands Transfer Facilities Second Follow-on Contract with the awarded sum amounted to HKD 2,818 million for a period of 10 years. A letter of acceptance was received in this regard. Sham Shui Kok Drive, Siu Ho Wan, on North Lantau, HongKong while the OITF comprises a network of seven small-scale waste transfer facilities located at Mui Wo, Cheung Chau, Peng Chau, Hei Ling Chau, Yung Shue Wan, Sok Kwu Wan and Ma Wan.

An agreement may be entered at a later stage. As at the date of this announcement, no agreement has been entered. The Company will make further announcement(s) pursuant to the requirements under the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong.