Everbright International Secures Streetlight Device Upgrading Project and a Streetlight Manufacturing and R&D Base in Ji'nan City

On 17 December 2019, a project signing ceremony was held in Ji'nan City between China Everbright International ("Everbright International" or the "Company") and Ji'nan Municipal Government ("Ji'nan government"). Pursuant to the project agreement, Everbright International will upgrade 120,000 streetlight devices in Ji'nan City and provide maintenance services, based on an energy management contract ("EMC") model. In the meantime, the Company will invest in and establish a base in the city that focuses on manufacturing and R&D of energy-saving streetlight. Mr. Wang Tianyi, CEO of Everbright International, met Mr. Sun Shutao, Mayor of Ji'nan, and attended the project signing ceremony. The ceremony was also attended by Mr. Wang Jingwen, Vice Mayor of Ji'nan, Mr. Yin Qingzhong, Secretary-General of Ji'nan, together with major officials from the city's investment promotion bureau, finance bureau, natural resources and planning bureau, urban administration bureau, as well as the management of Everbright International's business sectors, namely Greenergy, Environmental Energy, Environmental Water and Eco-recycling.