Nanchang Water Industry Group Co., Ltd. agreed to acquire additional 3.61% stake in Jiangxi Hongcheng Environment Co.,Ltd. (SHSE:600461) from Nanchang Municipal Investment Group Co., Ltd. for CNY 320 million on October 16, 2023. The offer per share is CNY 8.03 for 39.47 million shares of Jiangxi Hongcheng Environment. Within 5 working days after the agreement becomes effective, Nanchang Water Industry Group Co., Ltd. will pay CNY 95.09 million as deposit. Nanchang Water Industry Group Co., Ltd. will pay the remaining amount before December 29, 2023. The transaction is approved by board of directors of Nanchang Water Industry Group Co., Ltd. and is subject to regulatory approvals. Shenwan Hongyuan Financing Services Co., Ltd. acted as registrar and Jiangxi Huabang Law Firm acted as legal advisor to Jiangxi Hongcheng Environment Co.,Ltd.

Nanchang Water Industry Group Co., Ltd. completed the acquisition of additional 3.61% stake in Jiangxi Hongcheng Environment Co.,Ltd. (SHSE:600461) from Nanchang Municipal Investment Group Co., Ltd. on April 18, 2024.