SHENGHUI CLEAN (02521) signed a memorandum of understanding for the proposed acquisition of shares of China Water Environment Group.

Shenghui Clean (02521) announced that on April 16, 2026, the company (as the buyer) entered into a non-legally binding memorandum of understanding with CPEChina Water Investment Limited (as the seller), whereby the company intends to acquire shares of China Water Environment Group Limited. The number of target company shares to be acquired and the consideration for the shares will be subject to further negotiation by the parties to the agreement, and will be specified in the formal purchase agreement to be subsequently entered into by the company and the seller. The seller is a company incorporated in the British Virgin Islands, primarily engaged in investment holding business. The target company is a company incorporated in the Cayman Islands, mainly engaged in providing sewage treatment, water environmental management, and resource recycling services.