On 11 December 2019, China Everbright International Limited ("Everbright International" or the "Company") entered into a strategic agreement with Rizhao Municipal Government of Shandong Province ("Rizhao government") regarding a streetlight upgrading project based on an energy management contract ("EMC") model. This marks the first project secured by the Greenergy sector of the Company. Mr. Wang Tianyi, CEO of Everbright International, and Qi Jiabin, Secretary of Rizhao Municipal Party Committee, attended the project signing ceremony, followed by a meeting between the Company and the Rizhao government. The meeting was witnessed by Ma Xianxia, Member of the Standing Committee and Secretary General of the CPC Rizhao Municipal Committee, and Zheng Deqing, Deputy Mayor of Rizhao People’s Government.