United Water announced that UW Holdings Limited reduced its shareholding from 65.8456 million shares to 42.3221 million shares from March 24, 2023, to May 14, 2025, with the shareholding ratio decreasing from 15.56% to 10.00%. This equity change was mainly conducted through centralized bidding and block trading, with a total reduction of 23.5235 million shares. UW Holdings Limited plans to decide whether to increase or decrease its shareholding in the next 12 months based on market conditions and its own needs