The Board of Directors of Leader Environmental Technologies Limited announced that the Company has secured a Public-Private-Partnership project with a total amount of RMB 114.75 million (approximately SGD 24.5 million) in Bazhou city, Hebei Province. The project involves the design, construction and operation of a 120 tons/day sludge treatment plant and the recycling of the treated sludge into bricks for a concessionary period of 30 years. The minimum tariff payment for the project is guaranteed and has been included in the approved annual finance budget of the province.

The construction phase of the project is scheduled to be completed within one year and will contribute positively to the revenue of the Company for the financial year ending 31 December 2022.