On 25 March 2026, Tianjin Capital Environmental Protection Group Company Limited (TIANJIN CAPITAL) approved three connected agreements with Tianjin Chengzhu Real Estate Development Co., Ltd., an associate of the group’s ultimate controlling shareholder Tianjin Infrastructure Construction.
Key contract details 1. Heat Supply Secondary Network Agreement (Lot C) • Entrusted party: Tianjin Jiayuanshengchuang, an indirect wholly owned subsidiary • Scope: Design, procurement and construction of secondary heat supply network for the newly built Houtai Lot C residential area (Phases I & II). • Contract value: RMB2.69 million (tax inclusive). • Payment: 80 % within 30 days of signing; remaining balance within 30 days of final settlement after project acceptance.
2. Reclaimed Water Meters Agreement – Ground Meters (Lot C) • Entrusted party: Tianjin Water Recycling Co., Ltd., a direct wholly owned subsidiary • Scope: Purchase, installation and maintenance of reclaimed water ground meters for the same project. • Contract value: RMB0.03 million, payable in full within 30 days of contract execution.
3. Reclaimed Water Meters Agreement – Household Meters (Lot C) • Entrusted party: Tianjin Water Recycling Co., Ltd. • Scope: Purchase, installation and maintenance of reclaimed water household meters for Houtai Lot C (Phases I & II). • Contract value: RMB0.53 million, payable in full within 30 days of contract execution.
Aggregate value and Listing Rules implications • Combined consideration totals RMB3.25 million. • All applicable percentage ratios for the aggregated transactions are above 0.1 % but below 5 %. Under Chapter 14A of the Hong Kong Listing Rules, the deals are classified as connected transactions requiring reporting and announcement only; independent shareholders’ approval is not required.
Strategic rationale Management cites alignment with subsidiary business scopes, incremental primary revenue generation, and expansion of the group’s market share in new-energy heat supply and reclaimed water services. Directors (excluding three who abstained due to association with Tianjin Infrastructure Construction) consider the terms fair, reasonable and in the interests of shareholders.
Governance notes Executive Director Mr. Tang Fusheng and Non-executive Directors Mr. Wang Yongwei and Mr. Li Xiaoguang abstained from voting owing to connections with Tianjin Infrastructure Construction. No other directors held material interests in the transactions.