SIIC Environment Holdings Ltd. released an additional announcement on 17 April 2026 detailing the valuation and assurance work underpinning its planned 100% acquisition of Anshan Qingchang Water Services Co., Ltd. and Anshan Qinglang Water Services Co., Ltd. (collectively “the Target Companies”).

The company reiterated that the valuation of the Target Companies, prepared by Jinzheng (Shanghai) Asset Appraisal Co., Ltd. as of 30 June 2025, employs an income approach based on discounted cash flows (DCF). Under Hong Kong Listing Rule 14.61, this constitutes a profit forecast, triggering disclosure of principal assumptions and independent assurance.

Key valuation premises comprise: • Transaction, open-market and going-concern assumptions. • Stability in laws, regulations, macro-economic conditions, tax and credit policies, and management continuity post-benchmark date. • Consistent accounting policies and business model, with cash flows assumed to be evenly distributed.

Deloitte & Touche LLP reviewed the arithmetical accuracy of the DCF calculations in accordance with Rule 14.60A(2) and expressed an unmodified opinion that the cash-flow computations were properly compiled.

After considering both the valuer’s report and Deloitte’s findings, the Board confirmed the valuation was prepared “after due and careful enquiry.”

The latest notice follows the original transaction announcement dated 30 March 2026 and satisfies Hong Kong disclosure requirements for profit forecasts associated with major acquisitions.