China Water Affairs Group Ltd. has announced the completion of the first phase of its equity investment transaction with Taikang Asset. Following the successful fulfillment of all conditions precedent, the First Completion took place on May 15, 2025. As a result, China Water Affairs, through its subsidiary Silver Dragon, now holds approximately 83.95% equity interest in the Target Company, while Taikang Asset holds 16.05%. The company has indicated that further announcements regarding the Second Completion will be made when appropriate.
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