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China Water Affairs Clarifies Incorrect Media Reports

(June 14, 2022, Hong Kong) China Water Affairs Group Limited(“China Water Affairs” or the “Company”; stock code: 0855.HK) clarifies that several media reports which are noted today with a headline of "China Water Seeks Up to $21 Million in Rights Offering to Pay Debts" (Headline in Chinese:中國水務尋求高達2100萬美元配股償還債務) have incorrectly cited another company with similar name as the Company. The Company has no recent plan for rights issue or share placement.
China Water Affairs has maintained sound and stable profitability and financial position. For the first half of fiscal year 2022, the Company’s revenue increased by 26.1% YoY to HK$6,473 million, and net profit reached HK$1,579 million, representing an increase of 24.6% YoY.

About China Water Affairs Group Limited
A leading market-oriented, professional, international, and cross region water supply operator in China and the only Hong Kong listed water company focusing on tap water. Headquartered in Hong Kong. Operation management centers in Beijing and Shenzhen. The main business of the Group (including associated companies) is to operate urban water supply, pipeline direct drinking water, sewage treatment and drainage and other related value-added services in the Mainland of China. Covering around 30 million people in over 100 cities in 20 provinces and 3 municipal cities. Total daily capacity: over 20 million m³, and the Group has established a leading position in the overall business operation mode in China’s water affairs market. Management comprises of veteran experts in the water industry with insight into government policies. Included in the first batch of Shenzhen-Hong Kong Stock Connect by HKEX in 2016. Included in the FTSE Environmental Opportunities Asia Pacific Index since 2009.
This press release is issued by PRChina Limited on behalf of China Water Affairs Group Limited.
Investor and Media Enquiries
PRChina Limited
Alana Li / Rachel Chen
Tel: (852) 2522 1838 / (852) 2522 1368
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