The WATER INDUSTRY (01129) is currently engaging in friendly negotiations with the presenter regarding the repayment of outstanding amounts owed by the presenter.

The WATER INDUSTRY (01129) announced that on March 6, 2025, the company received a notification from creditor Wang Jiandong (the third supporting creditor, together with the supporting creditors and the second supporting creditor, collectively referred to as "such supporting creditors") regarding his intention to attend the hearing scheduled for March 25, 2026, to support the winding-up petition against the company with an outstanding debt of HK$2 million (the principal amount of the bonds issued by the company on June 15, 2018) being owed. As of the date of this announcement, no winding-up order has been issued by the court to wind up the company. As disclosed in the announcement, the company is currently in friendly negotiations with the petitioner regarding the repayment of the outstanding amount owed to the petitioner, and will actively seek any possible repayment plan with the supporting creditors. The company will strive to maintain proactive and good communication with the petitioner and such supporting creditors, and will negotiate with them in a friendly manner in accordance with fair principles towards other creditors, to properly address the issues (including making efforts to urge the petitioner to withdraw the petition as soon as possible).