Received liquidation application for WATER INDUSTRY(01129).

The WATER INDUSTRY (01129) announces that on November 17, 2025, the company received a winding-up petition filed by the International Finance Corporation (the petitioner) to the High Court of the Hong Kong Special Administrative Region, requesting the company to be wound up in accordance with the provisions of Chapter 32 of the Hong Kong Companies (Winding Up and Miscellaneous Provisions) Ordinance. The petition is in relation to an outstanding principal amount of RMB 217 million (together with a loan agreement dated May 20, 2022 between Xinzhong Water (Nanjing) Regenerative Resources Investment Co., Ltd. ("Xinzhong", an indirect non-wholly-owned subsidiary of the company) and the petitioner (as amended and supplemented by the revision and supplemental deed dated July 12, 2023 between Xinzhong and the petitioner) and the accrual of interest arising from the guarantee given by the company to the petitioner dated May 20, 2022. The hearing of the petition will take place on January 21, 2026 (Wednesday). The company is currently seeking legal advice to determine the actions that may be taken in response to the petition in order to safeguard the overall interests of the company and its shareholders.