QHY Group (fka QHYG)

[adijas]

10Q out

Our 51% subsidiary QHY Environmental Science & Technologies Oceania Limited (the “QHY Oceania”) entered into a Memorandum of Understanding on Wastewater Treatment Cooperation (the “MOU”) on July 10, 2018 with Open Country Dairy Limited (the “Open Country”), a representative company of the New Zealand Dairy industry and the second largest global exporter of premium Whole Milk Powders. Open Country’s dairy products are valued for their quality around the world by producers of fine food and beverages. Headquartered in Auckland, it has 3 production locations over New Zealand. It uses around 146 million liters of fresh milk collected from local dairy farms to provide around 155,000 tons of dairy products to the world annually, including milk fats, milk powders, milk proteins and cheeses. Pursuant to the MOU, QHY Oceania will install and run a pilot wastewater treatment plant (“WWTP”) with capacity of treating influent 500 m 3 per day in one of Open Country’s locations for one month. The WWTP is expected to be operational by the end of September 2018, and the trial run period will end no later than October 30, 2018. Success of the pilot plant shall form a base for QHY Oceania and Open Country to enter into a purchase agreement for a larger capacity processing plant.

https://www.otcmarkets.com/filing/html?id=12907046&guid=kjGEUWtK-Zngp8h