Chongqing Water(SH:601158) Zheng Quan Zhi Xing·2025-08-22 12:09Core Points - The board of directors of Chongqing Water Group Co., Ltd. held its 18th meeting on August 21, 2025, where several key resolutions were passed [1][2][4] Group 1: Board Resolutions - The company appointed Mr. Pang Zishan as the new General Counsel, effective immediately, while Mr. Zhao Haiyan will no longer hold this position [2] - The board approved the performance assessment and compensation distribution plan for the chairman and management team for the year 2024, with the chairman's compensation plan requiring shareholder approval [2][4] - The company proposed a mid-year profit distribution plan for 2025, which includes a cash dividend of RMB 0.26 per 10 shares, subject to shareholder approval [3][4] Group 2: Financial Reports and Management - The board approved the special report on the use of raised funds for the first half of 2025 and the half-year report [4][5] - The board reviewed the progress report on the "Quality Improvement and Efficiency Enhancement" action plan for the first half of 2025 [4] - The board approved the establishment and revision of internal governance systems, which will also require shareholder approval [4][5] Group 3: Acquisitions and Management Agreements - The company agreed to acquire 100% equity of Chongqing Yujing Water Co., Ltd. for RMB 354,478,587.03, with the management authorized to handle related agreements and payments [4][5] - The company will manage several water supply assets under a three-year agreement, with annual management fees totaling RMB 100,000 for each asset, amounting to RMB 800,000 in total [5][6]