DGAP-News: ZhongDe Waste Technology AG: ZhongDe Waste Technology AG announces cooperation agreement with Veolia

ZhongDe Waste Technology AG / Contract

30.06.2008 

Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Press Release

ZhongDe Waste Technology AG announces cooperation agreement with Veolia

Hamburg, 30 June, 2008 – ZhongDe Waste Technology AG [Ticker ZEF] announced
today that ZhongDe Group ('ZhongDe') has signed a cooperation agreement
with Veolia Environmental Services China Limited. The cooperation covers
bidding, management and operation of waste incineration projects with
electricity generation with a focus on BOT.

Veolia Environnement is the world leader in environmental services with
revenues of € 32.6 billion in 2007 and lists No.185 of the world`s top 500
companies. ZhongDe as a rapidly developing local player in the Chinese
environmental protection industry is familiar with the local market needs
and provides an own advanced and well adapted technology.

CEO Zefeng Chen comments: 'This cooperation agreement with an
internationally operating and renowned brand is a further milestone on our
way to successfully implement our long-term strategy to extend the value
chain to generate stable revenues and cash flows as well as to expand our
business model to the larger incinerator segment. We see this as a huge
step to furthermore strengthen our marketing power and to increase our
exposure to an international BOT management skill set. I`m convinced that
both partners will benefit from our joint approach to further develop the
environmental protection industry in China.'

About ZhongDe Group:

ZhongDe Group designs, manufactures and installs pyrolytic, grate and
rotary kiln waste incinerators for the disposal of solid medical, municipal
and industrial (including hazardous) waste. Since 1996, ZhongDe Group has
installed approximately 180 waste incinerators in about 13 provinces, and
more than 120 waste incinerators in the last three financial years alone.
Its waste incinerators are principally constructed for operators of medical
disposal centres in the hospital and healthcare industry, as well as for
small and midsized Chinese cities in developed areas of the People’s
Republic of China. ZhongDe Group is one of the leading suppliers of small
and midsized solid waste incinerators in China, supplying state-of-the-art
products. The trading of the shares (German Securities Identification
Number ZDWT01, ISIN DE000ZDWT018 and ticker symbol ZEF) commenced on the
Prime Standard segment of the Frankfurt Stock Exchange on July 6, 2007.

This document constitutes neither an offer to sell nor a solicitation to
buy securities of ZhongDe Waste Technology AG. The securities have already
been sold.

This document is not an offer of securities for sale in the United States
of America. Securities may not be offered or sold in the United States of
America absent registration or an exemption from registration under the
U.S. Securities Act of 1933, as amended. The shares in ZhongDe Waste
Technology AG have not been and will not be registered under the U.S.
Securities Act of 1933, as amended, and are not being and will not be
offered or sold in the United States of America.

This document is directed at and/or for distribution in the U.K. only to
(i) persons who have professional experience in matters relating to
investments falling within article 19(5) of the Financial Services and
Markets Act 2000 (Financial Promotion) Order 2005 (the 'Order') or (ii)
high net worth entities falling within article 49(2)(a) to (d) of the Order
(all such persons being together referred to as 'relevant persons'). This
document is directed only at relevant persons. Any person who is not a
relevant person should not act or rely on this document or any of its
contents. Any investment or investment activity to which this document
relates is available only to relevant persons and will be engaged in only
with relevant persons.

Contact

Matthias Link 
Managing Director 
Citigate Dewe Rogerson GmbH 
Goethestraße 26-28 
60313 Frankfurt am Main 
Tel: 0049-69 90 500-150 
Fax: 0049-69 90 500-102 
E-Mail: matthias.link@citigatedr.de 
Internet: www.citigatedr.de
DGAP 30.06.2008 
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Language:     English
Issuer:       ZhongDe Waste Technology AG
              Stadthausbrücke 1-3
              20355 Hamburg
              Deutschland
Phone:        +49 40 37644 745
Fax:          +49 40 37644 500
E-mail:       cornelia.dieker@zhongdetech.de
Internet:     www.zhongdetech.de
ISIN:         DE000ZDWT018
WKN:          ZDWT01
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Düsseldorf, Hamburg, München, Stuttgart
End of News                                     DGAP News-Service
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