CSD Water Service Co., Ltd. announced a private placement of common shares for gross proceeds of not more than CNY 300,000,000 on December 25, 2023. The transaction will include participation from not more than 35 investors. The shares cannot be transferred within 6 months from the issuance closing date.

The transaction is approved at the 29th meeting of the 3rd directorate and the 23rd meeting of the 3rd supervisory board of the company. The transaction is subject to the company?s directorate?s approval of the specific plan and the approvals of the Shanghai Stock Exchange and the China Securities Regulatory Commission.