Shenzhen Shenshui Water Resources Consulting Co., Ltd. announced that it has entered into equity investment agreement with new investor, Beijing SPC Environment Protection Tech Co., Ltd. (SZSE:002573) to receive gross proceeds of CNY 225,000,000 in an equity round on April 21, 2021. The investor will acquire 28.0669% stake in the company through this transaction. Out of the gross proceeds, CNY 25,487,500.00 is included in the registered capital and CNY 199,512,500 will go towards capital reserve. Post to the transaction, the registered capital of the company will be CNY 90,800,000. The transaction has been approved in the twentieth meeting of the fifth board of directors of the investor.