WATER INDUSTRY (01129) announced that on November 17, 2025, the company received a winding-up petition filed by International Finance Corporation (the Petitioner) with the High Court of the Hong Kong Special Administrative Region. The petition seeks to wind up the company under the provisions of Chapter 32 of the Companies (Winding Up and Miscellaneous Provisions) Ordinance of Hong Kong.

The petition relates to an outstanding principal amount of RMB 217 million, along with accrued interest, arising from a loan agreement dated May 20, 2022, between New Zhongshui (Nanjing) Renewable Resources Investment Co., Ltd. ("New Zhongshui," an indirect non-wholly owned subsidiary of the company) and the Petitioner. The agreement was subsequently amended and supplemented by a deed dated July 12, 2023. Additionally, the petition involves a guarantee provided by the company in favor of the Petitioner dated May 20, 2022.

The hearing for the petition is scheduled for Wednesday, January 21, 2026. The company is currently seeking legal advice to determine possible actions in response to the petition, aiming to safeguard the overall interests of the company and its shareholders.