Tianjin Chuangye Environmental Protection (01065.HK) announced a related Trade, and for strategic considerations and revitalizing existing Assets, plans to sell 100% equity of Tianjin Chuangye Environmental Protection (Hong Kong) to its controlling Shareholder, Tianjin Municipal Investment, for a price of 29.9735 million yuan.

The main scope of operation of Tianjin Chuangye Environmental Protection (Hong Kong) includes water resources Sewerage project operation services, construction of Sewerage treatment plants, development and construction of urban water recycling systems, development and construction of seawater desalination systems, and sales of Sewerage treatment equipment.

The actual income recorded by the company from the sale will be determined at the time of delivery and is subject to review. Any net proceeds from the sale will be used for general operating funds.