KING TECH SIGNS GOVERNMENT AGREEMENT TO PAVE ROADS IN CHINA

King Tech International Limited is pleased to announce that it has entered into an agreement with New Paving Material Centre, a Chinese government agency, to pave over 200km of roads every year in designated provinces and municipalities in China. The total target value of this agreement amounts up to GBP 10 million per annum. This agreement will last for as long as both parties are in agreement.

NPMC, which falls under the People's Republic of China Ministry of Communications, is responsible for promoting the use of new paving materials, technologies and products for roadways, and has exclusively selected KTIL's Asphalt Rubber to develop Asphalt Rubber applications in China.

Paul Lee, Group Chief Executive Officer, of KTIL commented, `This announcement further demonstrates our unique relationships with the government authorities in China, which are integral to our business. This strategic tie-up with NPMC, will further enhance our profile and brand awareness in the market.'

About NPMC

New Paving Material Centre is a Chinese government agency which falls under the PRC Ministry of Communications. The principal function of NPMC is to promote the use of new paving materials, technologies and products for roadways, including Asphalt-Rubber ("AR") for roadway projects in China.

For further information, please Contact Us