Core Viewpoint - Ning Shui Group announced an internal share transfer plan among its controlling shareholders and their concerted actors, which will not affect the overall shareholding structure or control of the company [1][2]. Share Transfer Plan - Shanghai Lanmo Investment Management Co., Ltd. - Lanmo Private Equity Fund No. 8 plans to transfer 2,034,000 shares (1.01% of total shares) to Wu Xin and Yang Ming, who are family members of the current shareholders [1]. - After the transfer, Lanmo No. 8 will no longer hold shares in Ning Shui Group, while Wu Xin and Yang Ming will become concerted actors of the controlling shareholders [1]. Shareholding Structure - As of the announcement date, the controlling shareholders and their concerted actors hold a total of 51,148,388 shares, accounting for 25.36% of Ning Shui Group's total share capital [2]. - Key shareholders include Zhang Shihua (16.97%), Zhang Lin (2.85%), and Zhang Lei (2.11%) among others [2]. Financial Performance - Ning Shui Group expects a net profit attributable to shareholders of 48 million to 54 million yuan for the first half of 2025, representing an increase of 17.67 million to 23.67 million yuan, or a year-on-year growth of 58.26% to 78.04% [3]. - The company anticipates a decrease in net profit excluding non-recurring gains and losses, projected at 4.90 million to 10.90 million yuan, down by 11.32 million to 17.32 million yuan, or a decline of 50.93% to 77.94% [3]. Historical Financial Data - From 2019 to 2024, Ning Shui Group's revenue and net profit figures showed fluctuations, with revenues of 1.371 billion, 1.590 billion, 1.717 billion, 1.555 billion, 1.789 billion, and 1.501 billion yuan respectively [3]. - Net profits attributable to shareholders during the same period were 212 million, 273 million, 235 million, 126 million, 131 million, and 52.42 million yuan [3].

Core Viewpoint - The announcement details an internal share transfer plan among the controlling shareholders and their concerted actors of Ningbo Water Meter (Group) Co., Ltd., which will not change the overall shareholding structure or control of the company [1][4]. Summary by Sections Shareholding Structure - As of the announcement date, the controlling shareholders and their concerted actors hold a total of 51,148,388 shares, accounting for 25.36% of the company's total share capital [1]. - Zhang Shihua, one of the controlling shareholders, directly holds 34,223,657 shares, representing 16.97% of the total share capital [1]. - Other significant shareholders include Zhang Lin (2.85%), Zhang Lei (2.11%), and the Shanghai Lanmo Investment Management Co., Ltd. - Lanmo Private Equity Fund No. 8, which holds 2,034,000 shares (1.01%) [1][2]. Internal Share Transfer Plan - The internal transfer involves the transfer of 2,034,000 shares from Lanmo No. 8 to Wu Xin and Yang Ming, who will become concerted actors of the controlling shareholders after the transfer [1][3]. - The transfer is planned to be executed through block trading and is scheduled to take place after a specified period following the announcement [1][3]. Purpose of the Transfer - The primary reason for the share transfer is family asset planning, indicating a strategic move within the family structure of the shareholders [3][4]. - The transfer does not involve any reduction in shareholding towards the market and is strictly an internal adjustment among concerted actors [3][4]. Compliance and Regulations - The transfer complies with relevant regulations, including the Interim Measures for the Administration of Shareholder Reduction of Listed Companies and the Shanghai Stock Exchange's self-regulatory guidelines [4]. - The company will ensure that shareholders adhere to legal and regulatory requirements during the transfer process [4].