Bohai Water Industry Co.,Ltd announced a private placement of not more than 50,505,050 A shares at an issue price of not less than 80% of the average price in the 20 trading days before the pricing reference date for gross proceeds of not more than CNY 300,000,000 on April 28, 2023. The transaction will include participation from not more than 35 investors. The transaction has been approved in the 3rd Meeting of the 8th Directorate and the 5th Extraordinary Meeting of the 8th Supervisory Board.

The shares cannot be transferred within 6 months from the issuance closing date.