FREETECH’S FIRST MODULAR SERIES SOLD OVERSEAS SUCCESSFULLY COMPLETE ROAD MAINTENANCE PROJECT IN GWANGJU CITY OF KOREA, CAPTURING GLOBAL MARKET SHARE

Hong Kong–(Business Wire)–Freetech Road Recycling Technology (Holdings) Limited (“Freetech”, or the “Group;” stock code: HK.6888), a leading asphalt pavement maintenance (the “APM”) integrated solution provider, is pleased to announce the Group had achieved a breakthrough in performing road maintenance project in overseas market by using modular series equipment. This first set of Freetech Remixing Hot-in-place Recycling Train has completed road maintenance project in Korea.

Currently exploring equipment sales and road maintenance markets for its modular series, the Group believes that those key experiences will contribute to its further global expansion. The project has not only marked a milestone in the Group’s “Go Global” strategy, but also represented the first international foothold of the Hot-in-place recycling modular series equipment proprietarily developed, designed and manufactured in China to serve international clients.

This equipment set has been applied in Gwangju City (National Route 22) in Korea. Looking ahead, the Group will continue to make use of the Asia Pacific market as a stepping stone to capture infrastructure construction and investment opportunities brought about by the One Belt One Road Initiatives, so as to accelerate the globalization of Freetech’s products and services. Currently, the Group has been enhancing its sales network, namely increasing sales branches and incubating business and technological talents with a global vision, to enter more overseas markets. The management team believes that overseas business will become an important growth driver for the Group in the future.

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About FreetechRoad Recycling Technology (Holdings) Limited (Stock Code:HK.6888)

Known as "road doctor", Freetech Road Recycling Technology is the leading service provider using Hot in-place recycling technology in asphalt pavement maintenance industry. Freetech has developed into a four-in-one high-tech company including road maintenance technology research, maintenance equipment R&D and manufacturing, maintenance project contracting and personnel education.

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Freetech Road Recycling Technology (Holdings) Limited

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