Cleantech Building Materials plc Reports Earnings Results for the Year Ended 31 December 2020

Cleantech Building Materials plc is a United Kingdom-based investment holding company, which through its subsidiary holds a licence for the patented Accoya Wood manufacturing process in the Chinese market and has commercial arrangements to produce and sell Accoya Wood in the ASEAN markets. Its principal activities are the sale of specialist wood products, technology licensing, sourcing and procurement, business development and investment holding. It imports and distributes Accoya Wood in the China and ASEAN markets. Accoya Wood is a material that is used by architects and manufacturers to replace endangered tropical hardwoods and carbon-intensive materials, such as steel, aluminum and specialty plastics. The Company's subsidiaries, Diamond Wood China Limited, Diamond Wood Nanjing Manufacturing Company Ltd and Trading Company Ltd, are engaged in trading in the wood business, and Jiangsu Dragon Wood Company Limited is engaged in manufacturing and trading in the wood business.