KANGDA ENV: The joint offerors have received valid acceptances for a total of 335 million offer shares
KANGDA ENV and the joint offeror China Water announced that as of 4 PM on September 22, 2025, a total of 335 million shares had been validly accepted in the offer, accounting for approximately 14.53% of the total issued share capital. At the same time, the accepted stock options amounted to 44.2 million, accounting for about 26.7% of the stock option offer. Duan Chuanliang and Sharp Profit together hold 1.491 billion shares, accounting for approximately 64.63% of the total issued share capital
According to the Zhitong Finance APP, KANGDA ENV (06136), China Water Affairs (00855), and the joint offerors jointly announced that the offer will close at 4:00 PM on September 22, 2025 (Monday), and the joint offerors have not made any further amendments or extensions.
As of 4:00 PM on September 22, 2025 (Monday) (the final time and date for accepting the offer as stated in the composite document), the joint offerors have received valid acceptances for a total of 335 million offer shares (accepted shares) under the share offer, accounting for approximately 14.53% of the total issued share capital of the company as of the date of this joint announcement; and valid acceptances for a total of 44.2 million share options (accepted options) under the option offer, accounting for approximately 26.7% of the options under the option offer.
Immediately following the completion of the EB exchange and prior to the commencement of the offer period, Mr. Duan Chuanliang (Mr. Duan) did not hold, control, or direct any shares or share rights; and Sharp Profit (presumed to be acting in concert with Mr. Duan) held, controlled, or directed 609 million shares, equivalent to approximately 28.46% of the total issued share capital of the company at that time. Immediately after the completion of the EB exchange and as of the date of this joint announcement, Mr. Duan and Sharp Profit (presumed to be acting in concert with Mr. Duan) held, controlled, or directed 1.156 billion shares, equivalent to approximately 54.01% of the total issued share capital of the company as of the date of the joint announcement.
Prior to the commencement of the acceptance period of the offer (i.e., September 1, 2025), Mr. Duan and Sharp Profit (presumed to be acting in concert with Mr. Duan) held, controlled, or directed 1.156 billion shares, equivalent to approximately 52.87% of the total issued share capital of the company as of the last actual feasible date.
Immediately after the offer deadline and as of the date of this joint announcement, taking into account the valid acceptances involved in the accepted shares (including the valid acceptances received and assuming that such accepted shares have been transferred to the joint offerors), Mr. Duan and Sharp Profit (presumed to be acting in concert with Mr. Duan) collectively held, controlled, or directed 1.491 billion shares, equivalent to approximately 64.63% of the total issued share capital of the company as of the date of this joint announcement
