Synergy Group’s Collaboration with Malaysian State Government Agency to Achieve Green Initiative For Annual Reduction of Over 600,000 Tons of CO2 Emissions, Business News

HONG KONG, February 21, 2022 – (ACN Newswire) – Synergy Group Holdings International Limited, stock code 1539.HK (“Synergy Group” or “The Group”) (1) has signed a memorandum of understanding with Lembaga Perumahan in Hartanah Selangor (LPHS)(2), a Malaysian government agency, and Odesi Ecob Sdn Bhd (ODESI)(3), a real estate technology company, launched a green composite scheme in Selangor, Malaysia last week. The green composite program consists of two parts, the “Light Saving Program”, which focuses on the energy efficiency of lighting, and the “COVID Fighting Program” which focuses on the reduction of airborne bacteria in the air through the treatment of air quality and the risk of transmission of COVID-19. The program is in line with Selangor’s initiatives to become a smart and sustainable city and is also compatible with the upcoming approach to urban planning development in Selangor.

As the leading green technology solution provider of the “Lighting Savings Program”, Synergy Group plans to install around six million LED lights in over 6,000 condominiums in Selangor under an energy performance contract. Synergy Group’s patented LED light has a lifespan of 10 years and saves 50% more energy than traditional LED light in the market, which will minimize product replacement costs and maximize savings.

“Synergy Group offers the most advanced, durable and long lasting LED lighting solution. For the agreed period, it is estimated that the ‘light saving program’ will achieve an annual saving of MYR 448 million ( equivalent to approximately 840 million HKD) with approximately 867 million kWh This is equivalent to a reduction of more than 600,000 tons of CO2 emissions per year and represents the planting of more than 10 million trees per year for 10 years. Group Chairman and Chief Executive Mr Mansfield Wong said.

Synergy Group has further collaborated with iCleanic Limited(4) in the implementation of the “COVID Fighting Program” in the same 6,000 condominiums in Selangor. iCleanic Limited is a Hong Kong-based company that provides disinfection solutions to eliminate the COVID-19 virus. The effectiveness of the disinfection solution is tested by international professional organizations such as CMA Testing(5) for the elimination of airborne bacteria, and by the University of British Columbia for the elimination of COVID-19 as well. The program focuses on reducing airborne bacteria through air quality treatment and the risk of COVID-19 transmission in Selangor. The effectiveness and safety of the program is tested by CMA Testing(5) which is suitable and safe for all ages.

Selangor is visualized as a livable smart city by 2025 in ASEAN. The Group aims to participate in Malaysia’s green initiatives in promoting green development and building a smarter, greener and safer city in Selangor

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Notes to editors:

1. Synergy Group Holdings International Limited (“Synergy Group” or “The Group”)
Founded in 2008, Synergy Group Holdings International Limited (stock code: 1539.HK), is the first energy services company (ESCO) to be listed on the Hong Kong Stock Exchange and a leading provider of integrated energy saving solutions. and energy management based in Hong Kong. The Group and its subsidiaries are primarily engaged in the design and customization, investment, installation and commissioning, operation and maintenance of (i) energy efficiency technology; (ii) renewable energies; and (iii) energy storage and distributed energy resources. Serving clients in over 20 countries and with companies in major multi-million dollar projects in Malaysia, Indonesia and South Africa.

2. Lembaga Perumahan and Hartanah Selangor (LPHS)
LPHS is a state government agency responsible for the planning and management of property developments in Selangor State.

3. Odesi Ecob Sdn Bhd (ODESI)
ODESI is in the real estate technology business, providing the Strata management solution to the State Department of Housing and the Buildings Commissioner.

4.iCLEANIC Limited
iCleanic Limited is a Hong Kong incorporated company providing disinfection services
solutions.

5. CMA test
Established since 1979, CMA Testing, a subsidiary of Hong Kong Chinese Manufacturers Association, is a full-scale quality assurance center specializing in testing, inspection and certification services. CMA Testing is also a third-party laboratory accredited by the Hong Kong Laboratory Accreditation Scheme (HOKLAS) and an inspection body accredited by the Hong Kong Inspection Agency Accreditation Scheme (HKIAS). CMA Testing’s global footprint spans over 12 countries in Asia, the Middle East, Europe and North America.

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