Gelonghui, May 10 | Shanghai Industrial Environment (00807.HK) issued an announcement. The company, together with its subsidiary Wuhan Hanxi Sewage Treatment Co., Ltd. (“Wuhan Hanxi”), which indirectly holds 80% of the shares, received a letter from the Wuhan Municipal Water Authority to accelerate the construction of the Wuhan Hanxi Sewage Treatment Plant Phase III Project (“Project”), clearly stating that Wuhan Hanxi is the implementing entity of the project.

Wuhan Hanxi holds 43%, 37% and 20% of the shares of the company, Shangshi Environmental Holdings (Wuhan) Co., Ltd. (a wholly-owned subsidiary of the company), and Wuhan Urban Drainage Development Co., Ltd., respectively.

The total investment of the project is approximately RMB 1.64 billion, and the capital comes from the company's own financing. The project design treatment scale is 200,000 tons/day, and the effluent implements Level A standards. The planned construction period of the project is 3 years and the operation period is 30 years.