Core Viewpoint - Sichuan Shunyi Water Supply Co., Ltd. has been established with a registered capital of 20 million RMB, focusing on water supply and related services [1] Company Summary - The legal representative of Sichuan Shunyi Water Supply Co., Ltd. is Li Xiaotao [1] - The company is owned by three shareholders: Sichuan Shengshi Tianji Real Estate Co., Ltd. (42%), Zhuhai Yihua Tong Investment Group Co., Ltd. (38%), and Nanchong Development Investment (Holding) Co., Ltd. (20%) [1] - The company operates in the water production and supply industry, specifically in the self-supplied water sector [1] Business Scope - The business scope includes the production and sale of drinking water, production and operation of forest seeds, installation services for general machinery, manufacturing of specialized water resource machinery, and supply of thermal energy [1] - Additional services include sales of household appliances, IoT devices, medical equipment, and various agricultural products [1] - The company is also involved in advertising, digital advertising production, and building materials sales [1]

Company Overview - Zibo Hehai Water Co., Ltd. has been established with a registered capital of 10 million RMB, fully owned by Zibo Zhoucun Jinbu Construction Investment Co., Ltd. [1] - The legal representative of the company is Fan Xiaorui [1]. Business Scope - The company’s business scope includes wastewater treatment and its recycling, on-site drinking water sales, natural water collection and distribution, construction engineering, food sales, and water supply services [1]. - Additional services include water resource management, rainwater and saline water collection and treatment, water quality monitoring, pollution control, environmental protection consulting, and various construction-related services [1]. Industry Classification - Zibo Hehai Water Co., Ltd. operates within the national standard industry of electricity, heat, gas, and water production and supply, specifically focusing on water production and supply [1].

Company Formation - Jiu Yuan Drinking Water (Nanjiang) Co., Ltd. has been established with a registered capital of 10 million RMB [1] - The legal representative of the company is Jiang Gangming [1] Shareholding Structure - Sichuan Jiu Yuan Jia Technology Group Co., Ltd. holds a 65% stake in the company [2] - Nanjiang Water Supply and Drainage Co., Ltd. owns a 35% stake [2] Business Scope - The company’s business includes water production and supply, on-site sales of drinking water, and construction labor subcontracting [2] - Additional activities include manufacturing specialized water resource machinery, developing smart water systems, and selling direct drinking water equipment [2] - The company is also involved in various services such as equipment maintenance, technical consulting, and water resource management [2] Regulatory Information - The company is registered under the National Standard Industry for water production and supply [2] - The business address is located in Hongta New District, Nanjiang County, Bazhong City, Sichuan Province [2] - The business license allows for operations until August 21, 2025, with no fixed term thereafter [2]

Core Points - A new company, Zizhong Hongze Water Conservancy Development Co., Ltd., has been established with a registered capital of 8 million RMB [1] - The company is wholly owned by Zizhong Honggang Agricultural Development Group Co., Ltd. [1] - The legal representative of the new company is Wang Lu [1] Company Overview - The company operates in the water production and supply industry, specifically focusing on drinking water production and supply [1] - The business scope includes construction project contracting, water resource management, water pollution control, irrigation services, and wastewater treatment [1] - The company is located in Zizhong County, Neijiang City, Sichuan Province, with its office at No. 9, Dongxi Dry Road, Shuinan Town [1] Shareholding Structure - The sole shareholder is Zizhong Honggang Agricultural Development Group Co., Ltd., holding 100% of the shares [1] Regulatory Information - The company is registered with the Zizhong County Market Supervision Administration and has a business term until August 14, 2025, with no fixed expiration [1]

Company Overview - New Tai Yier Si Water Co., Ltd. has been established with a registered capital of 5 million RMB, fully owned by Anhui Yier Si Ecological Technology Co., Ltd. [1] - The legal representative of the company is Gao Xiujiu [1]. Business Scope - The company’s business scope includes wastewater treatment and its recycling, environmental consulting services, project management services, water environment pollution prevention services, and various technical services [1]. - Additional activities include water pollution control, sales of environmental protection specialized equipment, manufacturing of ecological environmental materials, and development of intelligent water systems [1]. Industry Classification - The company operates within the national standard industry of electricity, heat, gas, and water production and supply, specifically focusing on water production and supply [1]. - The company is classified as a limited liability company (non-natural person investment or holding) [1]. Registration Details - The company is registered in Xinwen Street, Xintai City, Tai'an City, Shandong Province, with a business duration until August 11, 2025, and no fixed term thereafter [1]. - The registration authority is the Xintai Market Supervision Administration [1].

Group 1 - The establishment of Langkun Huitai Intelligent Water Engineering (Tianjin) Co., Ltd. has been officially registered with a legal representative named Liu Xinran and a registered capital of 5 million RMB [1] - The company is jointly owned by Hainan Yishun Agricultural and Forestry Development Co., Ltd. (80% stake) and Shandong Sandrop Water Purification Technology Co., Ltd. (20% stake) [1] - The business scope includes construction engineering, internet sales of food, on-demand drinking water sales, and various services related to intelligent water systems and environmental protection monitoring [1] Group 2 - The company is classified under the national standard industry of electricity, heat, gas, and water production and supply, specifically focusing on water production and supply [1] - The registered address of the company is located at No. 20, Building 1-004, Guchuan High-tech Zone, Qingshan Town, Beichen District, Tianjin [1] - The business license allows the company to operate without a fixed term, with the current registration valid until August 5, 2025 [1]

Fundraising Plan - The company plans to raise a total of up to 1,050 million yuan through a targeted stock issuance, with net proceeds allocated to specific projects [1][2] - The total investment for the projects is estimated at 1,792.9986 million yuan, with 190.6592 million yuan already invested [1] Project Overview Integrated Ecological Restoration Project - The project covers an area of approximately 94.7 square kilometers in the central urban area of the Zhangzhou Taiwan Business Zone, aiming to improve drainage facilities and achieve full coverage of the municipal sewage network [2][3] - The project will enhance water quality and living conditions, promoting high-quality ecological development in the region [3][4] Third Water Plant Expansion - The expansion of the Zhangzhou Third Water Plant will increase its capacity from 100,000 m³/d to 200,000 m³/d to meet the growing water demand in the city [8][9] - The project aligns with national policies emphasizing urban infrastructure improvement and water supply security [8][9] Photovoltaic Power Generation Project - The Zhangpu Salt Field 100MW (128.6MWp) photovoltaic project will combine water surface power generation with aquaculture, promoting sustainable energy and ecological practices [12][13] - The project is in line with national energy transition goals and aims to enhance the local renewable energy supply [12][14] Financial Feasibility - The financial internal rate of return for the Third Water Plant expansion is estimated at 6.25%, with a payback period of 14.32 years, indicating good economic viability [11] - The photovoltaic project has a projected internal rate of return of 8.42% and a payback period of 10.53 years, suggesting favorable economic benefits [18] Strategic Alignment - The fundraising and project investments align with the company's strategic focus on expanding its water services and renewable energy sectors, enhancing its market position [4][20] - The projects are expected to improve the company's financial structure, increase asset and net asset scales, and enhance its ability to manage risks [20][21]

Core Points - Shandong Chengfa Water Co., Ltd. has been established with a registered capital of 40 million RMB [1] - The legal representative of the company is Gong Kejin [1] - The shareholders include Jining Urban Development Capital Holding Co., Ltd. (65%), Zhonghui (Beijing) International Cultural Tourism Development Co., Ltd. (25%), and Beijing Xinyuan Smart Water Technology Co., Ltd. (10%) [1] Company Overview - The company operates in the water production and supply industry, specifically focusing on wastewater treatment and its reuse, as well as drinking water supply [1] - The business scope includes various services such as construction engineering, food sales, water resource management, and environmental protection services [1] - The company is registered in Jining City, Shandong Province, with a business duration until May 6, 2025, and no fixed term thereafter [1] Shareholder Structure - Jining Urban Development Capital Holding Co., Ltd. holds the majority stake at 65% [1] - Zhonghui (Beijing) International Cultural Tourism Development Co., Ltd. holds 25% [1] - Beijing Xinyuan Smart Water Technology Co., Ltd. holds a minority stake of 10% [1]

Core Viewpoint - The company plans to distribute a cash dividend of RMB 0.11 per share, totaling approximately RMB 102.87 million, based on a total share capital of 935,210,292 shares as of December 31, 2024 [1]. Company Overview - The company operates in the "Water Production and Supply" sector, specifically focusing on the production and sale of tap water and related water treatment services [2][3]. - The main business includes tap water production, drainage, and related water treatment services, with a strong emphasis on public welfare attributes and government-guided pricing [3]. Business Operations Tap Water Business - The company has three surface water plants with a total designed capacity of 110,000 tons per day [4]. - The tap water business operates under a franchise model granted by the Jiangyin municipal government for a period of 30 years [5]. Engineering Business - The engineering business, primarily managed by a wholly-owned subsidiary, focuses on the installation of water pipelines and related infrastructure projects within Jiangyin [6][7]. - The company engages in various engineering projects, including water pipeline installation and secondary water supply facility construction [8]. Drainage Business - The drainage business encompasses wastewater treatment, drainage network operation and maintenance, and related engineering services [9]. - The company operates two wastewater treatment plants with a combined capacity of 50,000 tons per day, focusing on both industrial and domestic wastewater [10]. Industry Context - The water supply industry is characterized by high capital intensity, long construction and return periods, and a relatively stable competitive landscape with regional monopolies [3]. - The industry is closely linked to regional economic growth, population size, and urbanization, currently in a mature development phase [3]. - Recent reforms in water pricing mechanisms and the introduction of water resource tax regulations are expected to enhance the overall profitability of the industry [3].

Core Viewpoint - Suqian Chuangyu Construction Investment Co., Ltd. has been established with a registered capital of 2 billion RMB, fully owned by Suqian Guokai Science and Technology Investment Group Co., Ltd. [1] Company Summary - Company Name: Suqian Chuangyu Construction Investment Co., Ltd. [1] - Legal Representative: Xu Erjian [1] - Registered Capital: 2 billion RMB [1] - Shareholder: Suqian Guokai Science and Technology Investment Group Co., Ltd. holds 100% [1] - Company Type: Limited liability company (wholly owned by a legal entity) [1] - Business Scope: Includes construction engineering, investment activities, water pollution control, sewage treatment, municipal facility management, environmental protection services, and various technical services [1] Industry Summary - Industry Classification: Power, heat, gas, and water production and supply; specifically, water production and supply [1] - Address: Located in the Jiangsu Province Suqian Economic and Technological Development Zone [1] - Business Duration: From April 21, 2025, to an indefinite period [1] - Registration Authority: Suqian Economic and Technological Development Zone Administrative Approval Bureau [1]