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Euro Tech Holdings Company Limited Reports Contracts Awarded to PACT

1. CLWT subsidiary PACT wins two contracts valued at $2.2M total. 2. First contract: Industrial water treatment for UK pharma; complete by June 2026. 3. Second contract: Ballast water treatment for Chinese shipping firm; complete by June 2025. 4. Projects cover design, supply, fabrication, installation, and commissioning services. 5. Forward-looking statements note operational risks amid global market competition.

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Why Bullish?

The award of two multi-year contracts enhances revenue visibility and market confidence. Similar contract wins in industrial technology have led to share appreciation in the past.

How important is it?

While the $2.2M value is modest relative to overall revenues, it signals operational competence and market expansion, positively impacting CLWT’s prospects.

Why Long Term?

The contracts span until mid-2025 and 2026, suggesting a sustained revenue stream and potential for future business. Historically, multi-year engagements boost long-term investor sentiment.

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HONG KONG, Feb. 25, 2025 /PRNewswire/ -- Euro Tech Holdings Company Limited (Nasdaq: CLWT) today announced that its majority-owned subsidiary, Yixing PACT Environmental Technology Company Ltd. ("PACT") has recently been awarded two contracts worth approximately US$2.2 million in total. One project is to provide a turnkey industrial water treatment solution for a renowned UK pharmaceutical company to treat industrial wastewater from their inhalation aerosols manufacturing plant in Qingdao, China. The project is expected to be completed by June 2026. In addition to the wastewater treatment contract, the company has also been awarded a Ballast Water Treatment port reception system contract. The purpose is to treat the ballast water at the port for a Chinese state-owned shipping and logistics company, which owns a harbor port on Hainan Island. This project is expected to be completed by June 2025. These two contracts cover design, supply, fabrication, installation, and commissioning at the respective sites. Certain statements in this news release regarding the Company's expectations, estimates, present view of circumstances or events, and statements containing words such as estimates, anticipates, intends, or expects, or words of similar import, constitute forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements indicate uncertainty and the Company can give no assurance with regard to actual outcomes. Specific risk factors may include, without limitation, having the Company's offices and operations situated in Hong Kong and China, doing business in China, competing with Chinese manufactured products, competing with the Company's own suppliers, dependence on vendors, and lack of long term written agreements with suppliers and customers, development of new products, entering new markets, possible downturns in business conditions, increased competition, loss of significant customers, availability of qualified personnel, negotiating definitive agreements, new marketing efforts and the timely development of resources. See the "Risk Factor" discussions in the Company's filings with the Securities and Exchange Commission, including its Annual Report on Form 20-F for its fiscal year ended December 31, 2023. SOURCE EURO TECH HOLDINGS COMPANY LIMITED

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