Chongqing Water(SH:601158) Zheng Quan Zhi Xing·2025-07-01 16:30Core Viewpoint - Chongqing Water Group Co., Ltd. is changing the implementation subject of part of its fundraising projects and opening a new fundraising account, which has been approved by relevant regulatory bodies [1][12][14]. Fundraising Overview - The company plans to issue 19 million convertible bonds with a total fundraising amount of RMB 1.9 billion, netting approximately RMB 1.895 billion after deducting issuance costs [1][2]. - The funds will be allocated to various projects, with a total investment of RMB 424.166 million, of which RMB 189.457 million will come from the fundraising [2]. Change of Project Implementation Subject - The project "New Degan Water Plant Expansion Project" will now be implemented by Chongqing City Haoyang Water Management Co., Ltd. Jiangjin Branch, following the absorption of Chongqing Water Group Jiangjin Supply and Drainage Co., Ltd. [4][6]. - The new implementation subject is a wholly-owned subsidiary of Chongqing Water Group, established to enhance operational efficiency and align with national reforms [5][6]. New Fundraising Account and Five-Party Supervision Agreement - A new fundraising account will be opened at China Construction Bank, and a Five-Party Supervision Agreement will be signed to ensure proper management of the funds [6][7]. - The agreement involves Chongqing Water Group, Kunming Yurun Water Co., Ltd., Chongqing City Haoyang Water Management Co., Ltd. Jiangjin Branch, China Construction Bank, and the underwriting institution [7][8]. Impact of Changes - The change in the project implementation subject does not alter the investment content or total investment amount, ensuring that the project will proceed without substantial impact [12][14]. - The adjustments are in compliance with relevant laws and regulations, having been approved by the company's Audit Committee and Board of Directors [12][14].