Tianye Water-Saving (00840.HK) controlling shareholder Tianye Group intends to establish Xinjiang Tianze Water Investment Development Co., Ltd. with the Eighth Division State-owned Assets Committee.

The Intelligent Financial News APP reports that Tianye Water (00840.HK) has announced that the company has been notified by its controlling shareholder, Xinjiang Tianye (Group) Co., Ltd. (Tianye Group), to utilize Tianye Group's advantages and resources in water management, and to promote Tianye Group's development into a sustainable first-class enterprise. The Xinjiang Production and Construction Corps Eighth Division State-owned Assets Supervision and Administration Commission (Eighth Division State-owned Assets Commission) and Tianye Group have proposed the establishment of Xinjiang Tianze Water Investment Development Co., Ltd. (new holding company, a newly established holding company) (proposed restructuring), details as follows: