The board of the directors of China Greenland Broad Greenstate Group Company Limited is announced that on 20 March 2019, Broad Greenstate Ecological Construction Group Company Limited, Zhongbo Construction Engineering Group Co. Ltd., Shanghai Zhuchen Business Management Consulting Center (LLP) and Heilongjiang Province Hualong Construction Co. Ltd. (collectively the ``Private Parties''), received a notice on successful bid (the "Tender'') for the Public-Private-Partnership (``PPP'') project for the construction of comprehensive treatment of ecological environment of Jiuqu River of Zhenping County (the ``PPP Project''). Pursuant to the Tender, the Private Parties and the government will establish a joint venture company (the “JV Company''), which will be owned by the Private Parties and a government agency to be designated by the government later. Details of the JV Company is subject to the agreement to be entered into between the Private Parties and the government agency. The PPP Project will be operated in Build-Operate-Transfer (“BOT'') model. The JV Company will be responsible for the investment, financing, construction, operation, maintenance and transfer of the PPP Project. Estimated total amount of investment is approximately RMB 553.3 million Cooperation period of the PPP Project is 20 years (including 2 years of construction and 18 years of operation).