On 30 March 2026, SIIC Environment Holdings Ltd. (“SIIC Environment”, 00807) disclosed that its controlling subsidiary Longjiang Environmental Protection Group Co., Ltd. signed an equity transfer agreement to acquire 100% of Anshan Qingchang Water Services Co., Ltd. and Anshan Qinglang Water Services Co., Ltd. from Qingdao Qing’an Technology Investment Co., Ltd. for a total cash consideration of RMB 270.00 million (approximately HKD 305.37 million / SGD 50.19 million). Upon completion, the two target companies will become wholly owned subsidiaries and be consolidated into SIIC Environment’s financial statements.

Deal structure • Consideration allocation: RMB 149.15 million for Qingchang Water Services and RMB 120.85 million for Qinglang Water Services, in line with independent valuations of RMB 153.00 million and RMB 123.00 million respectively using a WACC-based income approach. • Payment terms: 10% deposit, 80% post-completion payment backed by a bank guarantee, and 10% retention payable six months after completion, subject to warranty claims. • Completion conditions: regulatory filings, debt settlement, counter-guarantees, and operational compliance of the concession projects, all to be satisfied or waived by 31 May 2026.

Target profile The targets operate two long-term wastewater treatment concessions in Anshan, Liaoning Province: 1. Ningyuan Wastewater Treatment Plant (80,000 t/d) under Qingchang Water Services. 2. Dongtai Wastewater Treatment Plant (150,000 t/d, including 50,000 t/d entrusted operation) under Qinglang Water Services.

Key unaudited financials • Qingchang Water Services: net assets RMB 115.90 million (30 Jun 2025); FY 2025 profit after tax RMB 3.95 million. • Qinglang Water Services: net assets RMB 137.01 million (30 Jun 2025); FY 2025 loss after tax RMB 0.17 million. Combined FY 2025 pre-tax profit totalled RMB 9.91 million.

Strategic rationale The acquisition expands SIIC Environment’s wastewater treatment footprint in Liaoning, strengthens its Northeast China network, and is expected to provide stable operating cash flows.

Financial impact (pro forma, FY 2025) • Net tangible assets per share remain unchanged at RMB 6.2858 cents. • Earnings per share rise marginally from RMB 0.2370 cents to RMB 0.2379 cents.

Regulatory classification • Hong Kong: disclosable transaction (percentage ratio >5% but <25%). • Singapore: disclosable transaction under Rule 1006(c) with a ratio of 10.71% of market capitalisation; no shareholder approval required.

Shareholders and investors are advised that completion remains subject to the satisfaction of stated conditions precedent.