HONG KONG, Oct. 11, 2023 /PRNewswire/ -- Baguio Green Group Limited (''Baguio'' or the ''Group'', Stock Code: 01397.HK) is pleased to announce that since the interim result reported as of 30 June 2023, the Group has successfully secured new contracts with a total value of approximately HK$752 million from various Hong Kong government departments, quasi-government organizations and private organizations. The new contracts drive Baguio's total value of contracts on hand to a historical high of approximately HK$4.7 billion as of 5 October 2023. These new contracts include but not limited to:

1. Leisure and Cultural Services Department's contract for the provision of cleansing and supporting services to leisure venues in Sham Shui Po and Yau Tsim Mong districts;
2. Food and Environment Hygiene Department's contract for the provision of management, cleansing and pest control services for markets in Wong Tai Sin district;
3. Environmental Protection Department's contract for the provision of recyclables collection services for recycling bins in public spaces and schools.

As a result, the Group records a historical high for its total value of contracts on hand, demonstrating the Group's strong momentum in its business growth.

About Baguio Green GroupEstablished in 1980, Baguio Green Group (Stock code: 01397.HK) is one of Hong Kong's largest integrated environmental services groups. It provides a full spectrum of professional services including professional cleaning, waste collection & recycling, waste management, green technology, organic fertilizer and animal feed production, horticulture & landscaping, and pest control. It serves a wide range of customers in various sectors including Government departments, statutory organizations and multinational corporations. Fully committed to ESG, the Group works relentlessly to advance sustainable development and create a cleaner, greener, healthier city.