China Everbright Water Limited (CEB WATER) concluded its Annual General Meeting on 22 April 2026, with shareholders approving all 10 resolutions by poll, each receiving at least 97.8 % support.

Financial Statements and Dividend • FY2025 audited accounts and the auditor’s report were received and adopted. • A final one-tier, tax-exempt dividend of 4.22 Hong Kong cents (0.69 Singapore cents) per share was declared for FY2025.

Board and Governance • Executive Director and CEO Xiong Jianping and Independent Non-Executive Director Ng Joo Hee Peter were re-elected. • Total directors’ fees for FY2025 were approved at S$0.35 million, down from S$0.36 million in FY2024. • KPMG LLP (Singapore) and KPMG (Hong Kong) were re-appointed as auditors.

Capital and Shareholder Mandates • General share issue authority of up to 50 % of issued share capital (20 % non-pro-rata) was renewed. • Mandates for the Scrip Dividend Scheme and the on-market/off-market share buy-back (up to 10 % of issued shares) were renewed. • Interested-person transaction mandate and a new set of amended Bye-laws were approved.

Operational Highlights Discussed • Construction service revenue declined to HK$1.09 billion in FY2025 from HK$2.65 billion in FY2024, driving the year’s lower earnings. • Operating cash flow turned positive, generating more than HK$1.10 billion. • Trade-receivable collection reached 81 % in 2025; no receivables have been written off, and expected-credit-loss provisions remain based on forecast risk, not realised losses.

Strategic Outlook from Management Q&A • Expansion will prioritise Southeast Asia, using asset-light EPCO and PC models alongside the existing asset-heavy portfolio. • Technology commercialisation—such as membrane bioreactor processes—is expected to enhance compliance, reduce land use and cut sludge-handling costs. • Solar installations on existing plant rooftops are viewed as cost-saving adjuncts rather than a standalone core segment. • The company will continue monitoring market conditions for potential share buy-backs while maintaining required public-float levels.

Financing and Risk • Three tranches of medium-term notes were issued in 2025, two at the lowest coupon among comparable instruments; both company and notes hold a domestic AAA rating. • Management reported minimal cost impact from the Middle-East conflict and anticipates supportive Chinese environmental policies to underpin long-term growth.

The meeting closed at 11:45 a.m. with no other business.