The board of directors of Yunnan Water Investment Co., Limited announced that, on 22 April 2020, the Company together with YCIH No.1 Water Resources and Hydropower Construction Co., Ltd. and Powerchina Northwest Engineering Corporation Limited received a letter of acceptance for being formally awarded the concession project of Tailan River depression reservoir engineering in Wensu County, which is granted by the People's Government of Wensu County, Aksu Region, Xinjiang Uygur Autonomous Region, the People's Republic of China (the "PRC") by way of public tender. The total estimated investment of the project amounted to approximately RMB 1,355,183,900. This project is a concession project, covering the financing, design, construction, operation and management of water diversion engineering, reservoir engineering and water supply engineering in the Tailan River area, under the operation model of BOT (Build-Operation-Transfer).