Hong Kong – China Water Industry Group Limited (Water Industry, 01129.HK) has issued a notice to convene an extraordinary general meeting (EGM) on 14 April 2026 at 9:30 a.m. in Kowloon Bay, Hong Kong. Shareholders will vote on a single ordinary resolution concerning a proposed HK$278.25 million (approximately RMB250.00 million) convertible bond placement.
Key terms of the proposal:
• Subscription Agreement: Signed on 16 February 2026 between the Company and unnamed subscribers, covering the full HK$278.25 million issuance of convertible bonds (the “Convertible Bonds”). • Conversion Terms: Bonds are convertible into ordinary shares at an initial price of HK$0.308 per conversion share. • Specific Mandate: Subject to Hong Kong Stock Exchange approval for listing and dealing, directors will receive a specific mandate to allot and issue the corresponding conversion shares in addition to existing mandates. • Board Authority: Any director may undertake all necessary actions and execute all documents to implement the transaction upon approval.
Meeting logistics and shareholder arrangements:
• Venue: Office H, 8/F, Kingston International Centre, 19 Wang Chiu Road, Kowloon Bay, Hong Kong. • Register Closure: Share transfer registration will be suspended from 9 April 2026 to 14 April 2026 (both days inclusive). The record date for voting entitlement is 14 April 2026. • Proxy Submission: Completed proxy forms must reach Union Registrars Limited by 4:00 p.m. on 8 April 2026. • Voting Method: All resolutions at the EGM will be decided by poll in accordance with Hong Kong Listing Rules. • Contingency: If Typhoon Signal No. 8 or above, black rainstorm warning, or super-typhoon extreme conditions are in force after 6:30 a.m. on the meeting day, the EGM will be rescheduled; updated details will be announced via the company and HKEX websites.
Board composition at the date of the notice comprises Executive Directors Mr. Zhu Yongjun (Chairman) and Ms. Chu Yin Yin Georgiana, and Independent Non-executive Directors Mr. Wong Siu Keung, Joe, Mr. Lam Cheung Shing, Richard, and Mr. Mak Ka Wing, Patrick.