TIANJIN CAPITAL (01065) announced that on December 17, 2024, the Board of Directors approved the proposal regarding the asset transfer agreement between the water company (a wholly-owned subsidiary of the company) and Tianjin Urban Investment for the Zhangguizhuang Reclaimed Water Plant project. According to the asset transfer agreement, the company conditionally agrees to acquire, while Tianjin Urban Investment conditionally agrees to sell the transferred assets for a consideration of 0.218 billion yuan.

According to the asset transfer agreement, the assets to be acquired by the water company include the structures and other auxiliary facilities of the Zhangguizhuang Reclaimed Water Plant project, pipeline trenches, land use rights, other intangible assets, machinery, Electric Appliances, and inventory.

The transferred assets involve the project of the Zhangguizhuang Reclaimed Water Plant and the supporting water supply pipeline asset project (Zhangguizhuang Reclaimed Water Plant project), located in the Dongli District of Tianjin City, which includes a reclaimed water plant with a production capacity of 0.06 million cubic meters per day and an external water transmission pipeline approximately 15.3 kilometers long, primarily serving nearby enterprise-level residential users, with the property rights held by Tianjin Urban Investment.