HONG KONG, Apr 28, 2015 - 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 its main subsidiary, Freetech Road Recycling Corporation (Freetech Road Recycling), received the certification of "High-Tech company" jointly recognised by Jiangsu Provincial Department of Science & Technology, Jiangsu Provincial Department of Finance, Jiangsu Provincial Office of State Administration of Taxation and Jiangsu Local Taxation Bureau. Freetech Road Recycling continues to enjoy a preferential tax rate of 15% for 3 years (2014, 2015 and 2016).

The recognition of High-Tech company is a re-cognizance of the expired certificate. Freetech Road Recycling gained its first recognition of High-Tech company in 2003 and renewed the qualification in 2004, 2006, 2008 and 2011 respectively, continued to enjoy various relevant preferential policies. Freetech Road Recycling re-applied for the recognition of High-Tech company in 2014 after the expiry of the certificate and currently has obtained approval.

Another main subsidiary, Nanjing Freetech Road Maintenance Vehicle Manufacturing Corporation was also recognised as a High-Tech company in 2009 and 2012 respectively, and enjoys a preferential tax rate of 15% for 3 years (2012, 2013 and 2014).

The main four recognition criteria for certificates of High-Tech company are examining the company's core independent intellectual property, the capability of technological innovation & transformation, the capability of research management & organization and the company growth index. This re-granted certification of High-Tech company has demonstrated the above capabilities of the Group's companies and is recognized by the China Government.

About Hot-in-Place Technology

Hot-in-Place Technology is used in asphalt pavement maintenance, an on-site, in-place technology that rehabilitates deteriorated asphalt pavements through heating, scarifying and mixing the damaged asphalt materials with new materials and thereby minimises the use of new materials. The primary purpose of this process is to repair pavement damages such as cracks, ruts and holes, and bumps.

About Freetech Road Recycling Technology (Holdings) Ltd

Freetech Road Recycling Technology is the asphalt pavement maintenance ("APM") service provider renowned in the sector for its Road Doctor brand with patented Hot-in-Place Recycling Technology as well as the manufacturer and seller of a wide range of APM equipment. As at 31 December 2014, the Group owned 97 registered patents and had 14 patent applications pending in Hot-in-Place Recycling Technology and related equipment. The Group has also established ten joint ventures and associates across China including Hunan, Inner Mongolia, Jiangsu, Fujian, Xinjiang and Guangdong in order to expand its customer base across the country. www.freetech-holdings.hk.