Chongqing Water: Plans to acquire 100% equity of Yujing Water for 354 million yuan

Chongqing Water announced that the company acquired 100% equity of Yujing Water from Chongqing Water Investment for 354 million yuan. This transaction constitutes a related party transaction but does not constitute a major asset reorganization. The purpose of this transaction is to gradually resolve industry competition and enhance the company's operational scale and market share in the water supply business in the Banan District of Chongqing. The counterparty is a wholly-owned subsidiary of Chongqing Water Environment Group, the company's indirect controlling shareholder, and the transaction price is based on the assessed value of Yujing Water's total equity as of the assessment benchmark date of April 30, 2025, determined through negotiation between both parties. The funding for the transaction comes from the company's own funds, with payment arrangements divided into three phases, to be completed no later than one year from the effective date of the agreement