Ann: CLQ China JV Company signs first water treatment agreement-CLQ.AX, page-2

On 28 June 2016 Clean TeQ Holdings Limited (ASX:CLQ) (Clean TeQ or Company) announced the execution of a binding agreement with Jinzhong Hoyo Municipal Urban Investment & Construction Co., Ltd (‘Hoyo’) to form a Chinese incorporated joint venture (‘JV Company’) to pursue water treatment opportunities in China’s Shanxi Province utilising Clean TeQ’s water purification technology. It was also announced that Clean TeQ and Hoyo had reached in-principle agreement on the terms on which the JV Company will build, own and operate a Clean TeQ Continuous Ionic Filtration (‘CIF®’) water treatment plant at an existing wastewater treatment facility owned and operated by Qixian Hoyo Waste Water Treatment Co., Ltd (‘Qixian’) in Shanxi Province. All government approvals for the establishment and registration of the JV Company, Shanxi HOYO Clean TeQ Environmental Company Ltd, have now been received. The binding Project Agreement under which the JV Company will deliver the initial project has also now been executed by the parties.