Yulong Eco-Materials Limited announced that it has signed new contract with one of the 13 administrative offices of the Zhengzhou City Airport Zone (Zhengzhou Comprehensive Experimental Zone for Airport-based Economy), to provide construction waste management (CWM) service for 500 homesteads to be demolished in the Wangzhuang village. The contract requires the Company to complete its processing of construction waste within 6 months which, when completed, is expected to generate approximately $300,000 in revenue. To service the contract, Yulong is currently using 2 mobile recycling stations each with an annual designed processing capacity of two million metric tons, while additional stations may be deployed in the area, as needed.

The company is also negotiating with the administrative office to provide CWM service to nine other villages under its administration with estimated 4,000 homesteads in total to be demolished.