DGAP-Ad hoc: ZhongDe Waste Technology AG

DGAP-Adhoc: ZhongDe negotiates on the sale of all shares in Chung Hua Environment Protection (Holding) Group Ltd.

ZhongDe Waste Technology AG / Key word(s): Disposal

27.09.2016 14:28

Disclosure of an inside information according to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.

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Frankfurt, 27 September 2016 - ZhongDe Waste Technology AG ("ZhongDe" or the "Company") is in negotiations on the sale of all shares in its wholly owned subsidiary Chung Hua Environment Protection (Holding) Group Ltd., Hong Kong ("Chung Hua"), including all shares in various Chinese project companies held by Chung Hua with a potential purchaser, i.e. CAPITAL YIELD GROUP LIMITED. The project companies carry out the BOT (Build, Operate and Transfer) projects regarding waste-to-energy projects in China acquired by ZhongDe.

By means of a general commercial understanding, the Company and the potential purchaser have agreed on a valuation of Chung Hua of RMB 900,000,000 which equals approx. EUR 121,000,000.

The Company and the potential purchaser are still in negotiations on the further terms and conditions of a potential sale. The supervisory board of ZhongDe has generally agreed to the continuation of the negotiations on the sale of the shares in Chung Hua with the potential purchaser. However, the final share purchase agreement on the sale of the shares in Chung Hua, which is still in negotiations, requires the final approval of the supervisory board.

Contact:

ZhongDe Waste Technology AG David Chen Chief Representative Messeturm 25th floor Friedrich-Ebert-Anlage 49 60308 Frankfurt Tel.: +49 (0) 69 50956 5655 Fax: +49 (0) 69 50956 5520 Email: david@zhongdetech.com

27.09.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

--------------------------------------------------------------------------- Language: English Company: ZhongDe Waste Technology AG Messeturm 25th floor 60308 Frankfurt Germany Phone: + 49 69 50956 5655 Fax: + 49 69 50956 5520 E-mail: Internet: www.zhongde-ag.de ISIN: DE000ZDWT018 WKN: ZDWT01 Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange End of Announcement DGAP News-Service ---------------------------------------------------------------------------