Fanchang County Construction Investment Co., Ltd. signed an agreement to acquire Fanchang City Sewage Treatment Co., Ltd. from Cecep Guozhen Environmental Protection Technology Co.,ltd. for approximately CNY 160 million.

CECEP Guozhen Environmental Protection Technology Co Ltd, formerly Anhui Guozhen Environment Protection Technology Joint Stock Co Ltd, is a China-based company principally engaged in the comprehensive management of water environment. The Company is mainly engaged in three businesses, including integrated water environment management business, integrated wastewater treatment business and small town environmental management business. The Company conducts its business in both domestic and overseas markets.