Beijing Enterprises Environment Group Limited announced the Purchaser and the Vendor entered into (i) the Supply Contract, pursuant to which the Purchaser agreed to purchase the Equipment (which is required for the household waste incineration power generation plant to be built by the Purchaser); and (ii) the Technical Services Contract, pursuant to which the Vendor agreed to provide the technical consultancy services to the Purchaser in relation to the procurement of the Equipment Without Fixed Price under the Supply Contract. Contract Price: RMB 151,085,840.71 (equivalent to approximately HKD 182,031,133) (exclusive of value-added-tax), consist of (i) Fixed Price of RMB123,544,778.76 (equivalent to approximately HKD 148,849,131); and (ii) Provisional Contract Price of RMB 27,541,061.95 (equivalent to approximately HKD 33,182,002), subject to finalisation of the actual costs to be incurred by the Vendor for the procurement of the Equipment Without Fixed Price. The final Provisional Contract Price is subject to a price ceiling of 8% over the Provisional Contract Price (i.e. RMB 29,744,346.91 or equivalent to approximately HKD 35,836,562). The Supply Contract is conditional upon the approval by the Independent Shareholders by 31 October 2021, or such other date as mutually agreed by both the Vendor and the Purchaser.