China Environment secures RMB120m bank credit facilities from Bank of China

Strengthens position for more contract wins.

The Board of Directors of China Environment Ltd. (China Environment) is pleased to announce that its subsidiary, Fujian Dongyuan Environmental Protection Co., Ltd. (Fujian Dongyuan), has obtained bank credit facilities from Bank of China totaling RMB120 million for 2014.

Commenting on bank credit facilities offered by the Bank, Mr Huang Min, Executive Chairman of China Environment Ltd. remarked: "With these credit facilities, we are in an even stronger position to secure more contracts and to step up the utilisation of our new plant in Anhui.”

“We are pleased to continue receiving excellent support from financial institutions. This new bank credit facilities offered by the Bank to the Group is on top of the RMB130 million bank credit facilities we announced on 13 January 2014. They recognised the strong business prospects of the Group in providing urgent and much needed solutions to China’s deteriorating air quality," he added.