ZhongDe Waste Technology AG

Related Party Transaction • Feb 3, 2009

News Details

Corporate | 3 February 2009 13:07

ZhongDe Waste Technology AG: ZhongDe Waste Technology AG announces strategic cooperation agreement with Genesis Energy Holdings Limited

ZhongDe Waste Technology AG / Contract

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Press Release

ZhongDe Waste Technology AG announces strategic cooperation agreement with
Genesis Energy Holdings Limited

Hamburg, 3 February, 2009 - ZhongDe Waste Technology AG [Ticker ZEF]
announced today that ZhongDe Group ('ZhongDe') has signed a strategic
cooperation agreement with Genesis Energy Holdings Limited. This agreement
will be valid for three years. Genesis Energy Holdings Limited, as the
investor and operator, is in charge of investment and financing
waste-to-energy projects. ZhongDe, as the general contractor, is
responsible for design, procurement, installation and construction of these
projects

Part of the agreement is that ZhongDe will look for potential investment
opportunities for municipal waste incineration with power generation
projects in China and abroad. Genesis Energy Holdings Limited will also
search for new project opportunities and will collect relevant information.
Both parties will work together and will use their resources in an optimum
way to analyse and implement projects during their strategic cooperation.

Genesis Energy Holdings Limited’s principal business is the engagement in
the development of oil fields, the exploitation and extraction of oil and
gas, crude oil storage and pipeline transportation of crude oil and natural
gas, the construction and operation of municipal natural gas distribution
networks and gas refilling stations, which supply natural gas and liquefied
petroleum gas ('LPG') for vehicle use and sale LPG in cylinders. The
company is listed in the Main Board of the Hong Kong Stock Exchange (Ticker
702HK).

Zefeng Chen, founder and CEO of ZhongDe Waste Technology AG, comments:
'With this strategic cooperation ZhongDe opens further doors for generating
new project business. We are confident that our cooperation with Genesis
Energy will be a success for both companies.'

About ZhongDe Group:
ZhongDe Group designs, manufactures and installs pyrolytic, grate and
rotary kiln waste incinerators
for the disposal of solid municipal, industrial (including hazardous) and
medical waste, as well as complete sets of incineration plants with
electricity generation.
Since 1996, ZhongDe Group has installed approximately 190 waste
incinerators in about 13 provinces, and more than 130 waste incinerators in
the last three financial years alone. Its waste incinerators are
principally constructed for small and midsized Chinese cities in developed
areas of the People’s Republic of China, as well as for operators of
medical disposal centres in the hospital and healthcare industry. ZhongDe
Group is one of the leading suppliers of small and midsized solid waste
incinerators in China, supplying state-of-the-art products.
Contact

Sylvia Faber
CEO
Citigate Dewe Rogerson GmbH
Hanauer Landstraße 175 - 179
60314 Frankfurt am Main
Tel: 0049-69 90 500-100
Fax: 0049-69 90 500-101
E-Mail: sylvia.faber@citigatedr.de
Internet: www.citigatedr.de
03.02.2009 Financial News transmitted by DGAP

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Language: English
Issuer: ZhongDe Waste Technology AG
Stadthausbrücke 1-3
20355 Hamburg
Deutschland
Phone: +49 40 37644 745
Fax: +49 40 37644 500
E-mail: cornelia.dieker@zhongdetech.de
Internet: www.zhongdetech.de
ISIN: DE000ZDWT018
WKN: ZDWT01
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, München, Stuttgart

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