China Water Affairs : Won the “Best Investment Value Award for Listed Company”

(26 September2022, Hong Kong) China Water Affairs Group Limited ("China Water Affairs" or the "Company"; stock code: 0855.HK), a leader of integrated water operation in China, is pleased to announce that the Company has been presented the "Best Investment Value Award for Listed Company" at the 2022 Golden Unicorn Overseas Investment Summit and the Best Hong Kong and American Listed Companies Award hosted by SINA Finance. It clearly demonstrates that the Company's investment value is widely recognized by the market and the investment community.

A preliminary screening was conducted to select about 1,000 outstanding award candidates through multiple methods, including self-nomination by companies and a screening process using financial modeling. They were then included in an online voting pool for popular vote. The winners of the12 awards for Hong Kong and US listed companies and institutions were finally chosen according to the candidates' comprehensive financial indicators and the online poll results.

Mr. Duan Chuan Liang, Chairman of China Water Affairs, said, "We are very honoured to receive the Best Investment Value Award for Listed Company". The Company stood out from various outstanding enterprises and won the award, reflecting our efforts to promote the sustainableand high-quality business development have been widely recognized by the market. This year is a crucial year for the Group's initiatives to upgrade pipeline direct drinking water business to one of our two core businesses. The Group will continue to accelerate the development of pipeline direct drinking water business in various regions, improve our service quality and provide urban and rural residents with better `last-meter' drinking water solutions. We will strive to fulfill the common desire of the people to improve their quality of life and take the lead to promote a low-carbon and healthy lifestyle. Looking ahead, the Group will take advantage of favorable policies and market opportunities, adhere to the win-win business development model of cooperation with local governments, commit itself to the dual-core businesses of water supply and pipeline direct drinking water, create new business growth drivers through technology and innovation, enhance operational efficiency and synergies, and provide customers with a full range of professional water services. While steadily improving the Group's revenue and profitability, the Group will attain sustainable and high-quality development, contributing our efforts to improve people's livelihood and delivering higher returns for shareholders."

About China Water Affairs Group Limited

China Water Affairs Group Limited is a leading professional, market-oriented and cross-region water supply operator in China and the only Hong Kong listed company focusing on water supply business. It is headquartered in Hong Kong with two operations management centers in Beijing and Shenzhen respectively. The Group (including associated companies) is mainly engaged in urban water supply, sewage treatment and drainage and other related value-added services in Mainland China. Its services cover around 30 million people spread across over 100 cities in 20 provinces and direct-administered municipalities. With total handling capacity of over 20 million m³ / day, the Group has established a leading position in China's water affairs market with full business model. All members of the Group's management team are veteran professionals in the water industry with sharp insight into related government policies. The Company's shares were included in the first batch of securities eligible for trading through the Shenzhen-Hong Kong Stock Connect in 2016 and the FTSE Environmental Opportunities Asia Pacific Index in 2009.

This press release is issued by PRChina Limited on behalf of China Water Affairs Group Limited.

For investor and media enquiries