We seek to enhance shareholder value by strengthening our market position and strategically growing our business in the wastewater treatment industry. The strategies that we have adopted to achieve this goal include the following:
Strengthen our market position in Jiangsu Province through obtaining new wastewater treatment projects
In tandem with China’s rapid economic growth and increasingly stringent environmental standards, we believe we have the necessary technical expertise and project management experience to capitalise on the growing wastewater treatment industry. We intend to strengthen our market position in Jiangsu Province through obtaining new wastewater treatment projects by leveraging our track record and close working relationships with the local government authorities, thereby steadily expanding our operations. We will target regions that we believe to have an increasing demand for wastewater treatment services and offer attractive returns on investment such as developing municipalities and industrial parks. Concurrently, we will continue to build on our existing working relationships with local government authorities to better understand the latest developments in their environmental and economic plans. It is our belief that such long-term working relationships with the local government authorities put us in a better position to tender for future wastewater projects.
Upgrade our existing wastewater treatment facilities
We will continue to upgrade our facilities in order to meet the PRC government’s new environmental policies and this will further enhance our competitiveness in the regions where we are already operating and improve our chances of securing future wastewater treatment projects.
Pursue selective strategic acquisitions, joint ventures, partnerships and other opportunities
While our key focus is to strengthen and develop our wastewater treatment business in Jiangsu Province, we intend to opportunistically pursue strategic acquisitions, joint ventures, partnerships and other opportunities in wastewater treatment and other environmental protection projects in and outside China. Given the general rising environmental standards and increasing demand for wastewater treatment and environmental protection solutions, we believe there will be suitable opportunities for us to enhance our competitiveness and market position in our existing markets or contribute to our expansion into other environmental projects. We will adopt a strict and disciplined approach when pursuing any new opportunities. In addition to applying our careful project selection criteria, which take into account key factors such as investment returns, growth potential and technical requirements, we will ensure that (i) we will only pursue such opportunities if they are in the best interest of the Shareholders, and (ii) we have or are able to employ the necessary personnel with the appropriate experience and expertise to execute the projects.