China Water Affairs Group Limited (“China Water Affairs”) signed a purchase agreement on 28 April 2026 to issue an additional US$150.00 million of 5.875% senior notes due 22 October 2030. The new securities will be consolidated and form a single series with the company’s existing US$150.00 million notes of the same coupon and maturity first issued on 22 October 2025. Settlement is scheduled for 7 May 2026, subject to customary closing conditions.

The additional notes will be priced at 95.384% of par plus accrued interest from 22 April 2026 to, but excluding, 7 May 2026, implying gross proceeds of approximately US$143.00 million. Coupon payments remain semi-annual on 22 April and 22 October.

Net proceeds—after underwriting fees and related expenses—will be directed to a concurrent cash tender offer for the company’s outstanding 4.85% senior notes due 2026 and the repayment of other offshore borrowings. Consistent with its Green & Blue Finance Framework, China Water Affairs intends to allocate an amount equal to the gross proceeds to finance or refinance eligible green initiatives, with priority given to water-supply projects.

Morgan Stanley, CICC, CITIC Bank International, Guotai Junan, Haitong International, HSBC and Mizuho act as joint global coordinators; they are joined by six additional institutions as joint bookrunners and initial purchasers.

The notes have received provisional ratings of “Ba1” (Moody’s) and “BB+” (S&P). Approval-in-principle for listing on the Singapore Exchange Securities Trading Limited (SGX-ST) has been obtained; no Hong Kong listing is planned.

Management cautions that the purchase agreement may be terminated if closing conditions are not met, advising shareholders and prospective investors to exercise care when dealing in the company’s securities.