Fujian Haixia Environmental Protection Group Co.,Ltd. announced that it will issue not more than 135,050,195 A shares for gross proceeds of not more than CNY 510,000,000 on August 23, 2021. The company will issue shares at a price not less than 80% of the average price of the company's stocks 20 trading days before the first day of the issuance. The transaction will include participation from not more than 35 specific investors including returning investor Fuzhou Water Group Co.,Ltd. The company has signed an agreement with the investor.

The shares to be subscribed by Fuzhou Water Group Co.,Ltd. will be subject to hold period of 18 months, and shares to be subscribed by other investors will be subject to hold period of 6 months. The transaction has been approved in the 13th meeting of the 3rd directorate of the company, and is subject to approval of shareholders of the company, State-owned assets supervision and management department or its authorized body and the China Securities Regulatory Commission.