CITIC ENVIROTECH LTD. (Company Registration Number: 200306466G)
The Board of Directors of CITIC Envirotech Ltd ('the Company') wishes to announce that the Company's wholly-owned subsidiary, United Envirotech Water Resource Pte Ltd has incorporated a subsidiary in Jakarta, Indonesia.
The 70% owned subsidiary, known as PT CITIC Envirotech Indonesia ('PT CEI'), has an initial paid up capital of USD 600,000. PT CEI will be the main vehicle for the Company's water business in Indonesia.
The capital injection is funded by the Company's internal resources.
That above investment has no material effect on the net tangible assets per share or earnings per share of the Company for the financial year ending 31 December 2015.
None of the directors or substantial shareholders of the Company has an interest, direct or indirect in the above investment.
BY ORDER OF THE BOARD
Lotus Isabella Lim Mei Hua Company Secretary
23 October 2015
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