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。 承董事會命 北控水務集團有限公司 主席 熊斌 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二零二一年七月九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35億元之熊貓債券的公告、日期為二零二一年七月十五 日有關發行第一期熊貓債券人民幣20億元的公告、日期為二零二四年七月十七日有關發 行熊貓債券（第一期）（品種一）人民幣10億元提前摘牌的公告(「該等公告」)。當中 熊貓債券（第一期）（品種二）人民幣10億元仍在上交所上市。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。 本公司已在上交所網站(www.sse.com.cn)上載以下有關熊貓債券的文件： - 北控水務集團有限公司 2024 年公司債券年度報告。詳情請參閱本公司於上交所網站 刊發的公告，網址如下： https:/ ...

| 關於本報告 | | --- | | 董事會聲明 | | 董事長致辭 | | 總裁致辭 | | 關於我們 | | | 0 0 | | --- | --- | | 高品質水務運營 | | | 築牢社會用水安全屏障 (Water) ロ 可同 | DID | | 品質用水保障 | 25 | | 高質量污水處理 | 29 | | 資源化利用 | 37 | | 全方位責任踐行 | | | --- | --- | | 共築和諧社會民生福祉 (Satisfaction) ים 日日 | | | 合規經營 | 63 | | 人才管理 | 69 | | 安全健康 | 79 | | 客户服務 | 83 | | 供應鏈管理 | 87 | | 温暖社會 | 91 | | 间 | | | --- | --- | | | 可持續發展進展 | | 画面 | | | 2024 北控水務榮譽及成果展示 | 1 | | --- | --- | | ESG 管治 | 1 | | 可持續發展行動方向 | 1 | | W.I.S.E.關鍵指標 | 1 | | ם ₪ | ם | | --- | --- | | 數智化轉型賦能 | | | a 打造智 ...

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通告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本通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。 （於百慕達註冊成立之有限公司） （股份代號：371） 股東週年大會通告 普通決議案 1 1. 省覽及考慮截至二零二四年十二月三十一日止年度之本公司經審核綜合財務 報表及董事會報告書及核數師報告書。 2. 宣派每股9.1港仙的本公司末期股息。 3. (a) 每項以獨立決議案方式重選下列人士作為本公司董事（各為一名「董事」， 連同本公司全體其他董事統稱為「董事」）: (i) 周敏先生為執行董事； (ii) 沙寧女士為執行董事； (iii) 袁建偉先生為非執行董事； 「動議 2 (iv) 郭銳先生為獨立非執行董事； (v) 周安達源先生為獨立非執行董事；及 (vi) 戴曉虎先生為獨立非執行董事。 (b) 授權本公司董事會釐定董事酬金。 4. 續聘德勤 • 關黃陳方會計師行為本公司之核數師並授權本公司董事會釐定其酬 金。 5. 作為特別事項，考慮並酌情通過下列決議案（不論有否修訂）為本公司普通決議 案： (A) ...

(Incorporated in Bermuda with limited liability) （於百慕達註冊成立之有限公司） (Stock code: 371) （股份代號：371） NOTIFICATION LETTER 通知信函 Should you have any queries relating to this notification, please call the Branch Share Registrar's telephone hotline at (852) 2980 1333 from 9:00 a.m. to 6:00 p.m., Monday to Friday (excluding public holidays). Yours faithfully, For and on behalf of Beijing Enterprises Water Group Limited Tung Woon Cheung Eric Director and Company Secretary Notes: 3. It is the responsibility of a Non-regis ...

(Incorporated in Bermuda with limited liability) （於百慕達註冊成立之有限公司） (Stock code: 371) （股份代號：371） NOTIFICATION LETTER 通知信函 29 April 2025 Dear Registered Shareholders (1) , Beijing Enterprises Water Group Limited (the "Company") – Notice of publication of 2024 Annual Report, Circular dated 29 April 2025 containing Notice of Annual General Meeting together with the Form of Proxy and 2024 Sustainability Report (collectively the "Current Corporate Communications") The Current Corporate Communications of the Company ...

此乃要件 請即處理 閣下如對本通函任何方面或應採取的行動有任何疑問，應諮詢 閣下的持牌證券商或其他註 冊證券機構、銀行經理、律師、專業會計師或其他專業顧問以獲取獨立意見。 閣下如已出售或轉讓所有名下的北控水務集團有限公司股份，應立即將本通函及隨附的代 表委任表格送交買主或承讓人，或經手買賣或轉讓的銀行、持牌證券商或註冊證券機構或其 他代理商，以便轉交買主或承讓人。 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通函的內容概不負責，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通函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。 （於百慕達註冊成立之有限公司） （股份代號：371） 建議發行及購回股份之一般授權、 重選退任董事及 繼續委任任期超過九年之獨立非執行董事 及 股東週年大會通告 載有北控水務集團有限公司董事會推薦建議之董事會函件載於本通函第3頁至第8頁。 北控水務集團有限公司謹訂於二零二五年六月三日（星期二)下午三時正假座香港灣仔港灣 道18號中環廣場66樓舉行股東週年大會，大會通告載於本通函第20頁至第24頁，並隨函附上 供本公司股東週年大會使用的代表委任表 ...

Financial Performance - For the fiscal year ending December 31, 2024, the company achieved a total revenue of RMB 24,270,499,000, representing a year-on-year decrease of 1.0%[11] - The company's net profit attributable to shareholders was RMB 1,677,600,000, reflecting a year-on-year decline of 11.5%[11] - The company's operating revenue decreased by 1% to RMB 24.27 billion, with a 12% reduction in profit attributable to shareholders, amounting to RMB 1.68 billion[22] - The total revenue for the previous year was RMB 24,519.4 million, indicating a slight decrease in overall performance year-over-year[27] - For the fiscal year ending December 31, 2024, the company's total revenue was RMB 24,270.5 million, a decrease of 1% compared to RMB 24,519.4 million in 2023[30] - The company's net profit attributable to shareholders for 2024 was RMB 6,246.2 million, down 4% from RMB 6,487.8 million in 2023[30] - The total revenue from water treatment services in China reached RMB 8.75 billion, with a gross margin of 57%[23] - The company's overseas water treatment services generated revenue of RMB 429.2 million, with a gross margin of 15%[23] - The water treatment services segment generated RMB 11,622.2 million in revenue, accounting for 47% of total revenue, with a profit attributable to shareholders of RMB 4,672.2 million, representing a 72% margin[26] - The construction of BOT water projects contributed RMB 2,616.0 million in revenue, with a gross profit margin of 17% and a profit attributable to shareholders of RMB 286.8 million[24] - The technology services and equipment sales segment reported revenue of RMB 2,549.4 million, with a gross profit margin of 42% and a profit attributable to shareholders of RMB 499.7 million[24] - The revenue from urban resource services was RMB 6,027.7 million, with a profit attributable to shareholders of RMB 108.5 million, reflecting a 2% margin[24] - The total revenue from sewage and reclaimed water treatment services was RMB 8,748.8 million, with a net profit attributable to shareholders of RMB 3,873.2 million[38] Strategic Focus and Development - The company is focusing on cash flow management and enhancing operational efficiency as part of its strategic transformation towards high-quality development[10] - The company is actively pursuing market expansion and technological innovation to support its strategic goals[12] - The company plans to focus on light asset transformation and deepen strategic changes in 2024, aiming to enhance operational efficiency[14] - The company has successfully secured over a hundred light-asset project contracts, contributing to the steady increase in the proportion of light-asset business[12] - The light-asset business is becoming a significant contributor to the company's overall performance, enhancing its "new content" and "gold content"[12] - The establishment of two technology platforms, Beikong Water Future Technology Co., Ltd. and Beikong Cloud Service Co., Ltd., aims to drive innovation and sustainable development[17] - The company is committed to integrating sustainable development principles into its long-term strategy, enhancing customer communication, and improving service quality[18] - The company has established a business strategy focused on "quality growth, valuable assets, cash profits, and capable organizations," aiming to enhance core capabilities such as quality delivery and smart operations[100] Governance and Corporate Structure - The board of directors is committed to maintaining high corporate governance standards to ensure transparency and protect shareholder rights[99] - The board consists of various members, including executive, non-executive, and independent directors, with a focus on compliance with corporate governance codes[103][104] - The board aims to ensure gender diversity and avoid a single-gender composition among its members[113] - The company has a board diversity policy in place since 2013, focusing on various factors such as gender, age, and professional experience for board member selection[111] - The board has appointed new directors to maintain a balance of experience and skills, with recent appointments made in February and June 2024[115] - The company has established four committees under the board to enhance governance practices[124] - The audit committee is responsible for overseeing the integrity of the company's financial statements and the relationship with the auditor[125] - The company has adopted a nomination policy outlining the selection criteria and procedures for new and reappointed directors[130] Risk Management and Compliance - The company has established a risk management framework consisting of "three lines of defense" to ensure effective risk management and internal controls[143] - The risk management department has implemented strict guidelines and procedures to monitor each investment unit, aiming to reduce risks and external impacts[146] - The company has taken corrective actions based on last year's findings and deficiencies in internal controls[147] - The audit committee reported no significant internal control deficiencies as of December 31, 2024, affirming the effectiveness of the group's risk management and internal control systems[149] - The group has established a whistleblowing policy to allow employees and stakeholders to report potential misconduct confidentially[151] - The group has implemented an anti-bribery and anti-corruption system to prevent fraudulent activities among employees[152] Shareholder Engagement and Communication - The company is committed to regular communication and reasonable disclosure of information to shareholders, utilizing various channels for effective engagement[162] - The board believes that effective investor relations play a crucial role in creating shareholder value and enhancing company transparency[163] - The company has actively taken measures to improve communication with shareholders and increase transparency as of the fiscal year ending December 31, 2024[165] - The company has established a dedicated email account for inquiries from shareholders or potential investors[162] - The company has a policy in place to solicit feedback from shareholders and institutional investors[162] Employee and Social Responsibility - The company emphasizes the importance of maintaining close relationships with employees, customers, and business partners to ensure sustainable development[138] - The company provides competitive compensation and benefits to employees based on their merits and performance[138] - The gender diversity ratio among employees is approximately 53% male and 47% female, indicating satisfactory gender diversity within the workforce[118] Financial Instruments and Debt Management - The total debt amounted to RMB 75,502,200,000, including bank and other borrowings of RMB 60,931,000,000 and corporate bonds of RMB 14,571,200,000[90] - The debt-to-equity ratio as of December 31, 2024, was 1.19, up from 1.18 as of December 31, 2023, primarily due to increased borrowings[91] - The company issued medium-term notes with an outstanding principal amount of RMB 1,000,000,000 at an annual interest rate of 4.49%, maturing in January 2029[199] - A wholly-owned subsidiary issued medium-term notes with an outstanding principal of RMB 2,000,000,000, maturing in March 2028 and March 2030, with interest rates of 3.43% and 3.98% respectively[199] - The company has outstanding medium-term notes of RMB 1,500,000,000 at an interest rate of 3.98%, maturing in April 2029[200]

今年4月22日是第56个世界地球日，活动主题是"珍爱地球，人与自然和谐共生"。在世界地球日到来之际，水务环 保行业作为生态文明建设的重要力量，正以科技创新推动水环境治理迈向智能化、资源化、低碳化。北控水务通 过智慧化运营、污水资源化利用、低碳工艺革新等技术手段，正探索一条科技赋能生态治理的可持续发展路径， 为水资源保护贡献"北水方案"。 数智化系统赋能水厂运营 在绵阳塔子坝污水处理厂，北控水务将数字化技术与污水处理深度融合，依托智能曝气、智能加药等手段加持， 进水、提升、曝气、混合、回流等污水处理工艺无需人工调控操作，实现高质量的自动运行。 "过去靠人工巡检，现在靠数据决策。"北控水务技术人员介绍，塔子坝污水处理厂夜间应急次数已从每月23次降 低到1-2次，设备程控率从54%提升至86%，保障了污水厂的安全稳定生产和高效智慧运营。 利用物联网技术（IOT）使水厂核心设备上网，并融入技术与运维人员工作流程中，使其能够实时监控设备的运 行状态，有效识别设备异常状态，北控水务通过工单系统实现异常情况处置联动。此外，利用状态感知技术和数 据模型算法，检测并预测故障，以提前干预避免较大设备故障的发生。 再生水为城市发展 ...

Group 1 - The central government has issued opinions to optimize the pricing mechanism for water, electricity, and gas, emphasizing the need for a reasonable operation of price levels and important commodity prices [1] - The new pricing policy aims to enhance the profitability of water supply operators by implementing a progressive pricing system for non-residential water usage, which is expected to drive profit recovery and growth [1] - The 2021 urban water pricing management measures have been reiterated, focusing on cost auditing as the basis for setting water prices, ensuring that water supply companies can achieve reasonable returns [1] Group 2 - Shenzhen's water price adjustment hearing is scheduled for April 11, with proposed increases of 13.1% to a new price of 3.8991 yuan per cubic meter [2] - Historical trends indicate that price adjustments in major cities can catalyze water price reforms, potentially improving the long-term low returns in the domestic water supply industry [2] - Companies such as China Water Affairs (00855) are expected to benefit significantly from the ongoing improvements in water pricing policies, with a notable portion of their revenue derived from water supply operations [2]

Core Viewpoint - Beikong Water Group reported a decline in revenue and profit for the fiscal year ending December 31, 2024, primarily due to reduced contributions from BOT water service projects [1][2] Financial Performance - The company recorded a revenue of 24.27 billion RMB, a year-on-year decrease of 1.02% [1] - Shareholder profit was 1.678 billion RMB, down 11.5% year-on-year [1][2] - Basic earnings per share were 15.63 cents [1] Dividend Information - The company proposed a final dividend of 0.091 HKD per share, reflecting a year-on-year increase of 2.5% [1][2] - The dividend payout ratio increased by 16.8 percentage points to 95.2% [1] Cash Flow and Profit Quality - Cash-generating business revenue accounted for 85.8% of total earnings, up 7.8 percentage points year-on-year [1] - Free cash flow increased by 35% to 1.48 billion RMB, with a target to increase by another 1 billion RMB this year [1] Market Analysis - Citigroup noted that the profit decline was not concerning due to higher non-cash impairment losses, indicating improved profit quality [1] - Huatai Securities highlighted that the net profit was below their expectation of 1.876 billion RMB, mainly due to increased impairment losses [2]