Microsoft Word - Announcement Advanced Negotiation (SLB Comments 181115)(cln).docx



CITIC ENVIROTECH LTD

(Company Registration Number: 200306466G)

=============================================================== CITIC ENVIROTECH LTD IN ADVANCED NEGOTIATION FOR PROPOSED PROJECTS VALUED AT NOT LESS THAN RMB 1 BILLION



The Board of Directors of CITIC Envirotech Ltd. (the 'Company') is pleased to announce that the Company is in advanced negotiation for certain projects in water supply, wastewater treatment and recycling, valued at not less than RMB 1 billion (approximately SGD 225 million) (the 'Proposed Projects').


The Proposed Projects under negotiation involve investment projects under the public- private partnership scheme, transfer-operate-transfer scheme and built-operate-transfer schemes.


As at the date of this Announcement, no agreements have been entered by the Company in relation to the Proposed Projects, and there is no certainty that such discussions or negotiations will result in any definitive agreements. The Company will make further announcements at the appropriate time in compliance with the requirements under the Listing Manual of the Singapore Exchange Securities Trading Limited.


Shareholders are advised to exercise caution in trading their shares as there is no certainty or assurance as at the date of this Announcement that the Proposed Projects will be completed. In the meantime, shareholders are advised to read this Announcement and any further announcements by the Company carefully, and should consult their stock brokers, bank managers, solicitors or other professional advisors if they have any doubt about the actions they should take.

For and on behalf of the Board Dr Lin Yucheng

Group CEO and Executive Director

18 November 2015

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