KANGDA ENV (06136), CHINA WATER (00855) and the joint offerors jointly announced that the offer closed at 4:00 p.m. on Monday, September 22, 2025, with no further revisions or extensions made by the joint offerors.

As of 4:00 p.m. on Monday, September 22, 2025 (being the latest time and date for acceptance of the offer as set out in the composite document), the joint offerors received valid acceptances for an aggregate of 335 million offer shares (accepted shares) under the share offer, representing approximately 14.53% of the company's total issued share capital as of the date of this joint announcement; and valid acceptances for an aggregate of 44.2 million share options (accepted options) under the option offer, representing approximately 26.7% of the share options subject to the option offer.

Immediately before completion of the EB exchange and commencement of the offer period, save for interests in the exchangeable bonds, Mr. Duan Chuanliang (Mr. Duan) did not hold, control or direct any shares or share rights; and Sharp Profit (presumed to be acting in concert with Mr. Duan) held, controlled or directed 609 million shares, equivalent to approximately 28.46% of the company's total issued share capital at that time.

Immediately after completion of the EB exchange and as of the date of this joint announcement, Mr. Duan and Sharp Profit (presumed to be acting in concert with Mr. Duan) held, controlled or directed 1.156 billion shares, equivalent to approximately 54.01% of the company's total issued share capital as of the date of the joint announcement.

Immediately before the offer became available for acceptance (i.e., September 1, 2025), Mr. Duan and Sharp Profit (presumed to be acting in concert with Mr. Duan) held, controlled or directed 1.156 billion shares, equivalent to approximately 52.87% of the company's total issued share capital as of the latest practicable date.

Immediately after the close of the offer and as of the date of this joint announcement, taking into account the valid acceptances involving the accepted shares (including valid acceptances received and assuming such accepted shares have been transferred to the joint offerors), Mr. Duan and Sharp Profit (presumed to be acting in concert with Mr. Duan) collectively held, controlled or directed 1.491 billion shares, equivalent to approximately 64.63% of the company's total issued share capital as of the date of this joint announcement.