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Appendix B: Business Highlights (2/9) Company Highlights Transforming into a Green High-Tech Environmental Treatment-as-a-Service Provider 00 Proven Leadership & Execution Track Record in the Environmental Sector Capabilities to solve the Pressing Sludge Problems in China • Under leadership of Dr. Lin Yucheng, a well-regarded authority on the environmental sector with >30 years of business experience Founder and former-CEO of CITIC Envirotech (formerly known as United Envirotech Ltd) ("CEL") for 13 years United Envirotech Ltd transformed into a vertically-integrated waste- water solutions provider and was divested to CITIC at valuation of SGD1.9 billion Served as adviser to Singapore government on the environment and water industry Experience in completing environmental protection projects in China In China, >60 million MT of sludge treatment was produced in 2020. China's sludge treatment treatment market has exceeded RMB50 billion since 2017 and is forecasted to increase at a rate of 10% p.a.* Sludge treatment is expected to be a multi-billion nascent industry in China since 2017 Local governments recognise of the sludge treatment problems and willing to pay for sludge treatment treatment solutions The Company have the proven and effective sludge treatment treatment technologies to solve sludge treatment-related problems Source: Intelligence Research Company (2019), 污水处理行业, 市场运营态势及投资前景评估报告 17
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