The Board of Directors of CITIC Envirotech Ltd. announced that the Group has secured two build-own-transfer projects with a total investment value of RMB 1.685 billion in Xichang City, Sichuan Province, China. The first is a water supply development project for which CEL will undertake the design, construction and operation of water supply pipelines at an investment amount of RMB 1.34 billion. This project aims to provide an additional water source for the population in Xichang City. A project company, Changxin (Liangshan) Water Resource Engineering Co., Ltd, with a registered capital of RMB 446 million will be formed to undertake the water supply development project. The project comes with a service concession of 30 years inclusive of a two-year construction period. The second project, with an investment value of RMB 345 million, involves the design, construction and operation of a 30,000 m3/day wastewater treatment plant and related piping works. The plant will be located at the Chengdu Liangshan Industrial Park, north of Xichang City, which has been identified by the China government as one of the 20 strategic key industrial parks in Sichuan province for development and growth.