Jiangyin Huarui Environmental Development Co., Ltd. agreed to acquire 48% stake in Jiangyin Jinxiu Jiangnan Environmental Development Co., Ltd. from Jiangsu Jiangnan Water Co., Ltd. (SHSE:601199) for CNY68 million on November 28, 2023. This proposal has been reviewed and approved at the 14th meeting of Jiangsu Jiangnan Water Co., Ltd?s seventh board of directors. The transaction agreement will be signed after review and approval by the board of directors.