WATER INDUSTRY (01129) surged over 37% intraday again, with cumulative gains exceeding 260% for the month. As of press time, the stock was up 15.91% to HK$1.02, with turnover of HK$11.5179 million.

On the news front, WATER INDUSTRY has been on a consecutive rally recently. The company issued an announcement stating that the board of directors has noted the increase in the share price and trading volume of the company's shares on September 15, 2025. After making reasonable inquiries regarding the company under the relevant circumstances, except for what is disclosed below, the board confirms that it is not aware of any reasons for the fluctuations in share price and trading volume, nor any information that must be disclosed to avoid a false market in the company's securities, or any inside information that must be disclosed under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong). The board also confirms that the group's business operations remain normal, and there have been no material changes in the group's business operations and financial position as of the announcement date.

The announcement stated that the company is currently in negotiations with an independent third party regarding the possible execution of a memorandum of understanding involving the potential acquisition of a company established in the People's Republic of China and primarily engaged in the design and development of intellectual property, provision of application services, and provision of related training courses. As of the date of this announcement, negotiations are still ongoing, the relevant terms and conditions of the possible memorandum of understanding have not yet been finalized, and no agreement has been reached regarding the possible memorandum of understanding.