HONG KONG--Freetech Road Recycling Technology (Holdings) Limited (“Freetech”, or the “Group;” stock code: 6888), a leading and fast-growing service provider in the asphalt pavement maintenance (“APM”) industry using “Hot-in-Place” recycling technology, today announced that its two subsidiaries, Freetech Road Recycling Corporation and Nanjing Freetech Road Maintenance Vehicle Manufacturing Corporation, won the title of "Outstanding Enterprise Technology Centre of Nanjing City" from Nanjing Economic and Information Technology Commission (“NEITC”). The two subsidiaries of the Group will enjoy the benefits of preferential allowance for technological innovation projects, and priority in performing important and special technological innovation projects and declaring the title of provincial or state-level enterprise technical centre and other preferential policies.

"Outstanding Enterprise Technology Centre of Nanjing City" was organized and recognized by NEITC every year which requires the companies to have a strong financial and innovative capability, a sound organization structure and operation mechanism, an innovative management and investment mechanism, a talent incentive mechanism and an academy-research cooperation mechanism, as well as a leading position in R&D and innovation levels in the industry. Among nearly 300 candidates, only 27 enterprises were rated as excellent, and the rest were rated as qualified, warning and rectification, or delisting which means it may not be able to reapply for the qualification within 3 years.