Changes in the Supervisory Board of ZhongDe Waste Technology AG

Hamburg, (PresseBox) - The Local Court in Frankfurt/Main has appointed Mr. Gerrit Kaufhold as Member of the Supervisory Board of ZhongDe Waste Technology AG.

He succeeds Hans-Joachim Zwarg, who will resign from his position as member of the Supervisory Board for personal reasons at the end of the Annual General Meeting on August 30, 2012.

Gerrit Kaufhold is auditor and tax consultant. He has been working at Dr. Schmitz & Partner/HRG Hansische Revisions-Gesellschaft mbH, Hamburg since 2005. Prior to this, he was employed at Deutsche Bank, Arthur Andersen and Esche Schümann Commichau. Since November 2011 he is Chairman of the Supervisory Board of KINGHERO AG.

ZhongDe Waste Technology AG

ZhongDe Group designs, invests, constructs, finances and operates waste-to-energy incineration plants generating electricity from the disposal of solid municipal and industrial waste. ZhongDe realises either EPC (Engineering, Procurement and Construction) or BOT (Build, Operate and Transfer) projects, focusing on large-scale plants with waste disposal capacities of around 1,000 tons per day. Since 1996, ZhongDe Group has installed approximately 200 waste incinerators in 13 provinces throughout China. ZhongDe is one of the leading players in the project development and operation of waste-to-energy plants in China.

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