HONG KONG--(BUSINESS WIRE)--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 thatitstwo subsidiaries, Freetech Road Recycling Corporationand NanjingFreetech Road Maintenance Vehicle Manufacturing Corporation,won the titleof "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 fortechnological 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 astrong financial and innovativecapability, a sound organization structure and operation mechanism, aninnovative management and investment mechanism, ,atalent incentive mechanism and an acadamy-research cooperation mechanism, as well asa 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.

Receiving the title of "Outstanding Enterprise Technology Centre of Nanjing City" was a recognition of the Group’s technological innovation capability, performance and its demonstration and trend-settingfunction. The preferential policies will help the Group further enhance the R&D and innovation abilities.

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About FreetechRoad Recycling Technology

FreetechRoad 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 of 30 June, 2015, the Group owned 108registered patents and had6 pending patent applications in Hot-in-Place Recycling Technology and related equipment.

Contacts:

Freetech Road Recycling Technology

Vicky Xue, +852-2330 9600

Fax: +852-2363 7987

ir@freetech-holdings.hk, enquiry@freetech-holdings.hk