香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容 而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 海外監管公告 中信建投證券股份有限公司將作爲本公司之牽頭主承銷商，中國國際金融股份有 限公司、中信證券股份有限公司、第一創業證券承銷保薦有限責任公司及東方證 券股份有限公司將作爲發行之聯席主承銷商。 經資信評級機構（上海新世紀資信評估投資服務有限公司）綜合評定，本公司信 用等級為「AAA」。 本公司已在上交所網站(www.sse.com.cn) 上載以下有關本期公司債券發行的文 件： 北控水務集團有限公司 在中國公開發行 2025 年可續期公司債券 本海外監管公告乃由北控水務集團有限公司（「本公司」）根據香港聯合交易所 有限公司證券上市規則第 13.10B 條刊發。 謹此提述本公司日期為二零二五年四月三十日就有關中國證券監督管理委員會 （「證監會」）已批准本公司公開發行面值總額不超過人民幣 100 億元之公司債 券（「公司債券」）、日期為二零二五年五月八日就有關發行首期科技創新可續 期公司債券（第一期） ...

Company Overview - Beijing Enterprises Water Group was established in 2008, focusing on wastewater and reclaimed water treatment, water supply services, water environment governance construction, technical and consulting services, equipment sales, and urban resource services [1] - The company is transitioning to a light asset operation model, with engineering business continuously shrinking, leading to a projected gross profit margin of 6.4% by 2024 [1] - As of the end of 2024, Beijing Holdings will hold 41.1% of the company's shares, with the actual controller being the Beijing State-owned Assets Supervision and Administration Commission [1] Financial Highlights - Capital expenditure is expected to decrease to 4.11 billion HKD in 2024, a year-on-year reduction of 2.89 billion HKD, while maintaining stable dividends with a dividend per share of no less than 0.157 HKD since 2021, resulting in a projected dividend yield of 6.22% for 2024 [1] - The company has experienced profit fluctuations over the past three years due to the sale of joint ventures and impairment provisions, but the increase in operational proportion is expected to enhance future earnings stability [3] Industry Analysis - The water supply and wastewater treatment sectors are projected to have a compound annual growth rate (CAGR) of 0.37% and 1.2% from 2025 to 2027, respectively [2] - The competitive landscape shows a trend of regional monopolies coexisting with national leaders, with the company holding a market share of 1.8% in water supply and 8.2% in wastewater treatment as of 2023 [2] - The company has reduced its uninvested capacity since 2022, with operational capacity expected to reach 33.84 million tons per day by the end of 2024, resulting in a capacity elasticity of 29.2% [2] Pricing and Revenue - Since November 2023, some cities have increased the basic water price for residential use by an average of 0.36 HKD per ton, reflecting a 21.3% increase, which may benefit the company's relatively stable water pricing [2] - The company's revenue from water environment governance construction services is projected to decrease, with the share of profit from comprehensive governance projects and BOT water projects expected to drop to 7.8% and 4.6%, respectively, by 2024 [2] Profit Forecast - The company is expected to achieve a net profit attributable to shareholders of 1.66 billion HKD, 1.70 billion HKD, and 1.71 billion HKD for the years 2025 to 2027, with a projected dividend growth of 3% from 2024 [3] - The anticipated dividend yields for 2025, 2026, and 2027 are 6.4%, 6.6%, and 6.8%, respectively, supporting a "buy" rating for the stock [3]

Investment Rating - The report assigns a "Buy" rating to the company [11]. Core Viewpoints - Beikong Water Group is a national leader in water services with stable dividend guarantees. The company is expected to achieve steady growth in its water supply and sewage treatment business as capacity utilization increases. The pressure on growth in the water environment management construction service has gradually been released. The company has turned positive in free cash flow since 2022, and the dividend per share has not been less than HKD 0.157 since 2021, indicating a strong dividend capability [4][11]. Summary by Sections Company Overview - Beikong Water Group, established in 2008, operates in sewage and reclaimed water treatment, water supply services, water environment management construction, technical and consulting services, equipment sales, and urban resource services. The company is actively expanding its light asset operation model, with engineering business continuously shrinking, leading to a decrease in gross profit contribution [7][19]. Shareholding Structure - As of the end of 2024, Beijing Enterprises holds 41.1% of the company's shares, with the actual controller being the Beijing State-owned Assets Supervision and Administration Commission. Other significant shareholders include China Three Gorges Corporation and its subsidiaries [7][35]. Highlights - The company has passed the peak of project construction, with capital expenditure expected to decrease to HKD 41.1 billion in 2024, down by HKD 28.9 billion year-on-year. The dividend per share is projected to yield a dividend rate of 6.22% in 2024 [7][40]. Water Services Sector - The demand for water supply and sewage treatment is expected to grow steadily, with a projected CAGR of 0.37% and 1.2% from 2025 to 2027. The company’s market share in water supply and sewage treatment is 1.8% and 8.2%, respectively, as of 2023. The company’s operational capacity is expected to reach 33.84 million tons per day by the end of 2024 [8][11]. Financial Analysis - The company has experienced profit fluctuations over the past three years due to factors such as the sale of joint ventures and impairment provisions. However, the increase in operational proportion is expected to enhance future earnings stability. As of the end of 2024, the cautious estimate of accounts receivable is HKD 20.85 billion, with 75.8% of service concession receivables due within one year [10][11]. Profit Forecast - The company is expected to achieve a net profit attributable to shareholders of HKD 16.6 billion, HKD 17.0 billion, and HKD 17.1 billion from 2025 to 2027, with dividends projected to grow by 3% annually from 2024 levels [11].

Core Insights - The data indicates significant trading volume increases for various companies, suggesting heightened investor interest and potential market movements [1][2][3][4][5] Group 1: Companies with Notable Volume Increases - 阳光能源 (00757) reported a volume ratio of 2.35, indicating strong trading activity [2] - 长城汽车 (02333) had a volume ratio of 2.21, reflecting increased investor engagement [2] - 郑煤机 (00564) showed a volume ratio of 1.92, suggesting a notable rise in trading [2] Group 2: Additional Companies with Increased Trading Activity - 万国数据-SW (09698) recorded a volume ratio of 1.83, indicating significant market interest [2] - 映恩生物-B (09606) had a volume ratio of 1.78, reflecting heightened trading activity [2] - 超盈国际控股 (02111) reported a volume ratio of 1.71, suggesting increased investor focus [2] Group 3: Companies with Moderate Volume Ratios - 中国能源建设 (03996) had a volume ratio of 1.70, indicating a solid level of trading activity [2] - 亚信科技 (01675) reported a volume ratio of 1.60, reflecting moderate investor interest [2] - 金宝通 (00320) showed a volume ratio of 1.53, suggesting a rise in trading volume [2] Group 4: Companies with Lower Volume Ratios - 中国水务 (00855) had a volume ratio of 1.52, indicating stable trading activity [2] - 广汽集团 (02238) reported a volume ratio of 1.52, reflecting consistent investor engagement [2] - 凯莱英 (06821) showed a volume ratio of 1.52, suggesting steady trading interest [2]

Short Selling Ratios - Great Wall Motor-R (82333) and JD Health-R (86618) have the highest short selling ratios at 100.00% [1][2] - BYD Company-R (81211) follows with a short selling ratio of 86.11% [1][2] Short Selling Amounts - Xiaomi Group-W (01810) leads in short selling amount with 1.733 billion [2] - Meituan-W (03690) and Alibaba-SW (09988) follow with 901 million and 803 million respectively [1][2] Deviation Values - JD Health-R (86618) has the highest deviation value at 48.31% [1][2] - SF Holding (N23067) and Xiaomi Group-W (01810) also show significant deviation values of 47.35% and 36.04% respectively [1][2]

(「本公司」) 提名委員會的職權範圍 (於 2025 年 6 月 30 日生效) 1. 成員 2. 權限 3. 會議 (a) 提名委員會須直接向董事會彙報，並於就其對挑選提名有關人士出任董事作出 的建議諮詢董事會主席。 (b) 在董事會認為必要的情況下，授權提名委員會就其職責有權諮詢外界的獨立專 業意見。 (c) 提名委員會應獲提供充足資源以履行其職責。 (a) 提名委員會於適當時舉行會議 。 (b) 會議的法定人數為兩位成員。 (c) 提名委員會成員可親身或透過其他電子通訊方法出席會議。 (d) 公司秘書是提名委員會之秘書。如在提名委員會秘書缺席的情況下，出席會議 之成員必須推選另一人士為該會議之秘書。 4. 職責 提名委員會的職責包括下列： 1 (a) 本公司必須設立提名委員會，其成員是由董事會 (「董事會」) 委任，並包括非 執行董事及執行董事。 (b) 提名委員會的成員必定以獨立非執行董事佔大多數，成員中至少一名成員為不 同性別的董事。 (c) 出任提名委員會主席人士必定是董事會主席或獨立非執行董事。 (d) 根據經不時修訂的《香港聯合交易所有限公司 (「聯交所」) 證券上市規則》 (「上市規則」)， ...

THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION 此乃要件 請即處理 If you are in any doubt as to any aspect of this document or as to the action to be taken, you should consult your stockbroker or other registered dealer in securities, bank manager, solicitor, professional accountant or other professional adviser. 閣下如對本文件任何內容或應採取之行動有任何疑問，應諮詢 閣下之股票經紀或其他註冊證券交易商、銀行經理、律師、專業會計師或其他專業顧問。 (Incorporated in Bermuda with limited liability) （於百慕達註冊成立之有限公司） (Stock code 股份代號：371) DIVIDEND CURRENCY ELECTION FORM W ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容 而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 本公司之電話號碼、傳真號碼及網站維持不變。 承董事會命 北控水務集團有限公司 主席 熊斌 香港，二零二五年六月十六日 更改總辦事處及香港主要營業地點 北控水務集團有限公司 (「本公司」) 董事會 (「董事會」) 宣佈，本公司總辦事處 及香港主要營業地點由二零二五年六月十六日起，更改為香港灣仔港灣道 18 號中 環廣場 66 樓。 於本公告日期，本公司董事會由八名執行董事包括熊斌先生(主席)、周敏先生(行政總裁)、 李海楓先生、沙寧女士、張文江先生、周雪燕女士、董渙樟先生及李力先生，一名非執行 董事袁建偉先生，以及五名獨立非執行董事包括佘俊樂先生、郭銳先生、周安達源先生、 戴曉虎先生及陳肇始女士組成。 ...

謹此提述本公司日期為二零二五年四月三十日就有關中國證券監督管理委員會批 准本公司公開發行面值總額不超過人民幣100億元之公司債券（「公司債券」） 及日期為二零二五年五月八日就有關發行首期科技創新可續期公司債券人民幣20 億元的公告（「該等公告」）。除另有界定者外，本公告所用詞彙與該等公告所 界定者具相同涵義。 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容 而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 海外監管公告 北控水務集團有限公司 在中國公開發行 2025 年公司債券 本海外監管公告乃由北控水務集團有限公司（「本公司」）根據香港聯合交易所 有限公司證券上市規則第 13.10B 條刊發。 香港，二零二五年六月十三日 於本公告日期，本公司董事會由八名執行董事包括熊斌先生(主席)、周敏先生(行政總 裁)、李海楓先生、沙寧女士、張文江先生、周雪燕女士、董渙樟先生及李力先生，一名 非執行董事袁建偉先生，以及五名獨立非執行董事包括佘俊樂先生、郭銳先生、周安達 源先生、戴曉虎先生及陳肇始女士組成。 本期 ...

北控水務集團有限公司 在中國公開發行 2025 年公司債券 本海外監管公告乃由北控水務集團有限公司（「本公司」）根據香港聯合交易所 有限公司證券上市規則第 13.10B 條刊發。 謹此提述本公司日期為二零二五年四月三十日就有關中國證券監督管理委員會批 准本公司公開發行面值總額不超過人民幣100億元之公司債券（「公司債券」）及 日期為二零二五年五月八日就有關發行首期科技創新可續期公司債券人民幣20億 元的公告（「該等公告」）。除另有界定者外，本公告所用詞彙與該等公告所界 定者具相同涵義。 本期公司債券分為兩個品種，根據簿記建檔結果，最終確定品種一的票面利率為 1.82%，品種二未發行。 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容 而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 海外監管公告 本公司已在上交所網站(www.sse.com.cn) 上載以下有關本期公司債券發行的文 件： 1. 關於延長北控水務集團有限公司 2025 年面向專業投資者公開發行科技創新 公司債券（第一期）簿記建檔時間的公 ...