本公司欣然宣佈，在本公司於二零二五年九月十九日舉行之股東週年大會上提呈 之決議案之投票結果如下： | | 普通決議案 | 票數(%) | | | --- | --- | --- | --- | | | | 贊成 | 反對 | | 1. | 省覽本公司截至二零二五年三月三十一 | 1,157,406,971 | 973,900 | | | 日止年度之經審核財務報表及董事會與 | (99.92%) | (0.08%) | | | 核數師報告。 | | | | | 本決議案已正式通過為普通決議案。 | | | | 2. | 宣派末期股息。 | 1,158,380,871 | 0 | | | | (100.00%) | (0.00%) | | | 本決議案已正式通過為普通決議案。 | | | | 3.(i) | 重選丁斌小姐為執行董事； | 1,087,134,070 | 71,246,801 | | | | (93.85%) | (6.15%) | | | 本決議案已正式通過為普通決議案。 | | | | 3.(ii) | 重選段林楠先生為執行董事； | 1,086,072,490 | 72,308,381 | | ...

本聯合公告僅供參考，並不構成收購、購買或認購本公司證券之邀請或要約，亦 非在任何司法權區招攬任何投票或批准。 本聯合公告之全部或部分內容不得在、向或從任何將構成違反其適用法律或法規 之司法權區發佈、刊發或分發。 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聯合公告的內容概不 負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本聯合公 告 全 部 或 任 何 部 分 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。 段傳良先生 KANGDA INTERNATIONAL ENVIRONMENTAL COMPANY LIMITED （於開曼群島註冊成立的有限公司） （股份代號：6136） 康 達 國 際 環 保 有 限 公 司 （於開曼群島註冊成立並遷冊往百慕達之有限公司） （股份代號：855） SHARP PROFIT INVESTMENTS LIMITED 聯合公告 寄發有關第一上海證券有限公司代表聯合要約人 提出強制性無條件現金要約 以收購康達國際環保有限公司全部已發行股份 並註銷本公司所有尚未行使購股權的綜合文件 聯合要約人的要 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年8月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 中國水務集團有限公司 呈交日期: 2025年9月1日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | 是 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00855 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 20,000,000,000 | HKD | | 0.01 | HKD | | 200,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 20,000,000,000 | HKD | | 0.01 | HKD | | 200,000,000 | 本月底法定/ ...

Core Viewpoint - After four months of consolidation, China Water (00855) is expected to enter a new market phase due to strong market conditions and its own operational improvements [1][2]. Market Conditions - The Hong Kong stock market has shown strong performance since April, with the Hang Seng Index rising over 33% in less than five months, reaching a peak of 25,918 points on August 25, the highest in nearly four years [1]. - The market's strength is attributed to three main drivers: valuation recovery, policy benefits, and significant inflows of southbound capital, which have exceeded HKD 970 billion this year, surpassing the total for 2024 [1]. - Southbound capital has shown a preference for high-dividend assets, particularly in sectors like banking, energy, and utilities, which positions China Water favorably for accelerated investment [1]. Company Developments - Recent news indicates increased shareholder investment in China Water, including significant stakes acquired by Great Wall Life and Taikang Life, as well as ORIX Corporation increasing its shareholding to 20.28% [2]. - Despite the current market focus on technology sectors driven by AI, there is a noticeable shift towards high-dividend utility sectors, with China Water benefiting from this trend [2]. Financial Performance - In the fiscal year 2025, China Water's total revenue decreased by 9.4% to HKD 11.656 billion, primarily due to a decline in urban water supply service revenue. However, adjusted EBITDA increased by 1.8% to HKD 5.257 billion, indicating slight growth in real profitability [3]. - The company's gross margin improved by 0.7 percentage points to 37.8%, with profit margins in urban water supply, direct drinking water, and environmental sectors increasing by 3.2, 2.7, and 3.4 percentage points, respectively [3]. - Capital expenditures decreased by HKD 1.9 billion to HKD 3.4 billion, leading to positive free cash flow for the first time, which supports a high dividend payout ratio that increased by 12 percentage points to 42% [4]. Future Outlook - For fiscal year 2026, China Water is expected to see steady growth, with 97.7 million tons per day of capacity under construction projected to come online, enhancing water sales [4]. - Accelerated water price adjustments are anticipated, with 8 to 10 projects expected to receive approval for price increases in fiscal year 2026, following recent successful adjustments [5]. - Analysts predict a rapid recovery in net profit for fiscal year 2026, with estimates from various brokerages indicating a potential increase of 27.64% to HKD 1.372 billion [5]. Investment Potential - Given the positive fundamental outlook and ongoing high dividend strategy, China Water is positioned to offer excess returns as southbound capital increasingly targets high-dividend assets [6]. - Analysts maintain a "buy" rating for China Water, projecting a target price of HKD 7.8, representing nearly a 30% upside from the closing price of HKD 6.21 on August 29 [6].

Core Viewpoint - After four months of consolidation, China Water (00855) is expected to enter a new market phase due to strong market conditions and its own operational improvements [1][2]. Market Conditions - The Hong Kong stock market has shown strong performance since April, with the Hang Seng Index rising over 33% in less than five months, reaching a peak of 25,918 points on August 25, the highest in nearly four years [1]. - The strong market performance is attributed to three main drivers: valuation recovery, policy benefits, and significant inflows of southbound capital, which have exceeded HKD 970 billion year-to-date [1]. - Southbound capital is particularly favoring high-dividend assets, with a notable focus on sectors like banking, energy, and utilities [1][2]. Company Developments - China Water has seen increased shareholder activity, with notable investments from Great Wall Life Insurance and TaiKang Life, as well as an increase in shares held by ORIX Corporation to 20.28% [2]. - Despite the recent market focus on technology sectors driven by AI, there is a noticeable shift towards utility sectors, with public utilities seeing a net inflow of HKD 10.23 million in recent days [2]. Financial Performance - For the fiscal year 2025, China Water's total revenue decreased by 9.4% to HKD 11.656 billion, primarily due to a decline in urban water supply service revenue [3]. - Adjusted EBITDA increased by 1.8% to HKD 5.257 billion, indicating a slight growth in real profitability [3]. - The company improved its gross margin by 0.7 percentage points to 37.8%, with profit margins in urban water supply, pipeline drinking water, and environmental sectors also showing improvements [3]. Cash Flow and Dividends - Capital expenditures decreased by HKD 1.9 billion to HKD 3.4 billion, leading to a positive free cash flow for the first time [4]. - The dividend payout ratio increased by 12 percentage points to 42%, reflecting the company's commitment to returning value to shareholders [4]. Future Outlook - China Water has 97.7 million tons per day of capacity under construction, expected to be operational by fiscal year 2026, which will enhance water sales [4]. - The acceleration of water price adjustment projects is anticipated to provide new momentum for the company's urban water supply business, with several projects already approved for price increases [5]. - Analysts predict a rapid recovery in net profit for fiscal year 2026, with estimates suggesting a growth of over 27% to HKD 1.372 billion [5]. Investment Potential - Given the positive outlook and high dividend yield, China Water is positioned to benefit from the increasing allocation of southbound capital towards high-dividend assets [6]. - Analysts maintain a "buy" rating for China Water, projecting a target price of HKD 7.8, indicating a potential upside of nearly 30% from the closing price of HKD 6.21 on August 29 [6].

Core Insights - China Water Investment Group has established a comprehensive water supply network covering 16 provinces, with a water treatment capacity of 16 million tons per day and an annual treatment volume exceeding 2.4 billion tons [1][2] Group 1: Technological Innovations - The company has developed a smart water management platform that integrates various systems, significantly enhancing operational efficiency and service quality [2] - Advanced water quality testing equipment allows for the analysis of 170 indicators, ensuring high standards in water safety [2][3] - Automation and AI algorithms in wastewater treatment have led to substantial cost reductions in carbon source expenses [3] Group 2: Rural Water Supply Solutions - The company has initiated projects to improve rural water supply, addressing issues like outdated infrastructure and water quality, resulting in a supply capacity of 280,000 tons per day for 800,000 residents in Liyang [4] - Investments in new pumping stations and pipeline upgrades in Anhui have expanded water access to every corner of the county [4] Group 3: Business Expansion and Sustainability - The company is transitioning from a traditional water supplier to a comprehensive water ecological service provider, expanding its services to include water environment governance and rainwater recycling [6][7] - The focus is on building a sustainable water ecosystem that encompasses water supply, drainage, environmental management, and water reuse [7] - The company aims to enhance the safety, accessibility, and sustainability of water services while promoting high-quality development [7]

Core Viewpoint - China Water Investment Group is enhancing its water supply services through technological innovation and comprehensive management, aiming to become a leading national water utility company while addressing urban and rural water supply integration [1][5]. Group 1: Technological Advancements - The company has developed a smart water management platform that integrates billing, installation, and data recording, significantly improving operational efficiency and service quality [2]. - Advanced equipment in water quality testing allows for the analysis of 170 indicators, ensuring high standards in water safety and management [1][2]. - The implementation of an automated precise dosing system in wastewater treatment has led to a significant reduction in carbon source costs [2]. Group 2: Rural Water Supply Solutions - In Liyang, a project was initiated to address water supply issues, resulting in a system that now provides 280,000 cubic meters of water daily to 800,000 residents [4]. - The company is expanding its services in Anhui province by upgrading pump stations and constructing new water plants to enhance water supply reliability [4]. - The East China regional headquarters manages 34 water supply and drainage projects, with a total water treatment capacity of 2.5 million cubic meters per day [4]. Group 3: Business Expansion and Sustainability - The company is transitioning from a traditional water supplier to a comprehensive water ecological service provider, expanding its services to include water environment governance and rainwater recycling [6][7]. - Efforts are being made to develop a sustainable water ecological system that encompasses water supply, drainage, environmental governance, and water reuse [7]. - The company aims to enhance the safety, accessibility, and sustainability of water services while promoting high-quality development [7].

此 乃 要 件 請 即 處 理 閣 下 如 對 要 約、本 綜 合 文 件 及╱或 隨 附 之 接 納 表 格 任 何 方 面 或 應 採 取 之 行 動 有 任 何 疑 問，應 諮 詢 持 牌 證 券 交 易 商 或 註 冊 證 券 機 構、銀 行 經 理、律 師、專 業 會 計 師 或 其 他 專 業 顧 問。 閣下如已售出或轉讓所有名下之康達國際環保有限公司證券，應立即將本綜合文件連同隨附之接納表格送交買方或承讓人， 或 經 手 買 賣 或 轉 讓 之 持 牌 證 券 交 易 商 或 註 冊 證 券 機 構、銀 行 或 其 他 代 理 商，以 便 轉 交 買 方 或 承 讓 人。 本 綜 合 文 件 應 與 隨 附 之 接 納 表 格 一 併 閱 讀，表 格 之 內 容 構 成 要 約 條 款 及 條 件 之 一 部 分。本 綜 合 文 件 不 會 於 或 向 任 何 倘 此 舉 屬 違 反 當 地 相 關 法 例 的 司 法 權 區 發 佈、刊 發 或 派 發。 香 港 交 易 及 結 算 所 有 限 公 司、香 港 聯 合 交 易 所 有 限 公 司 以 及 香 港 中 央 結 算 有 限 公 司 ...

Core Viewpoint - China Water Investment Group celebrates its 20th anniversary, emphasizing its commitment to integrated urban and rural water supply, technological innovation, and green development to become a leading national water utility enterprise [1][2]. Group 1: Company Development - China Water has expanded its water treatment capacity from 190,000 cubic meters to 490,000 cubic meters, and the total length of its water supply network has increased from over 2,000 kilometers to more than 4,300 kilometers, serving a population that has grown from several hundred thousand to over 1.2 million [2]. - The company has evolved from a single water supply business to a comprehensive industry chain that includes integrated urban and rural water supply and smart water management [2]. - The establishment of the Huai'an Water Supply Company in collaboration with the Huai'an government has significantly contributed to the development of the water supply sector in Huai'an, showcasing a successful model of central-local cooperation [1][2]. Group 2: Technological and Environmental Initiatives - China Water has implemented smart management systems that monitor pipeline pressure, water quality, and urban-rural supply networks in real-time, representing a technological advancement in traditional water utility operations [1]. - The company has introduced direct drinking water services in various cities, including Huai'an, Yongkang, and Qingdao, and has developed three product lines along with two patent authorizations [2]. - Efforts in contract water-saving management have been piloted in multiple districts of Handan, exploring new models for comprehensive water conservation and extending its operations to a full industry chain that includes water supply, drainage, environmental management, and recycled water utilization [2].

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佈之內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公佈全部或任何 部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 （於開曼群島註冊成立並遷冊往百慕達之有限公司） （股份代號：855） 股東週年大會通告 茲通告中國水務集團有限公司（「本公司」）謹訂於二零二五年九月十九日上午十時 正假座香港灣仔港灣道18號中環廣場64樓6408室（或在黑色暴雨警告信號、八號或 以上熱帶氣旋警告信號、或香港政府宣佈「極端情況」於同日上午九時正在香港生 效之情況下，改訂於二零二五年九月二十二日同一時間及地點）舉行股東週年大會， 以考慮下列事項： * 僅供識別 1 1. 省覽本公司截至二零二五年三月三十一日止年度之經審核財務報表及董事會 與核數師報告。 2. 宣派末期股息。 3. (i) 重選丁斌小姐為執行董事； (ii) 重選段林楠先生為執行董事； (iii) 重選白力先生為非執行董事； (iv) 重選邵梓銘先生為獨立非執行董事； (v) 重選何萍小姐為獨立非執行董事；及 (vi) 授權董事會釐定董事酬金。 4. 考慮並酌情委聘安永會計師事 ...