According to the Joint Water Affairs announcement, the controlling shareholders, Shanghai Hengshen, Shanghai Hengtai, Shanghai Hengtong, and Shanghai Henglian, shareholders holding 5% or more of the shares, plan to reduce their total holdings of the company by no more than 4.264,500 shares through centralized bidding, accounting for 1.0076% of the company's total share capital. Among them, Shanghai Hengshen plans to reduce its holdings by no more than 2.798,200 shares, accounting for 0.6612%; Shanghai Hengtai plans to reduce its holdings by no more than 887,300 shares, accounting for 0.2073%; Shanghai Hengtong plans to reduce its holdings by no more than 439,000 shares, accounting for 0.1037%; and Shanghai Henglian plans to reduce its holdings by no more than 150,000 shares, accounting for 0.0354%. The holdings reduction period is from October 26, 2026 to January 25, 2027. The reason for the reduction in holdings was due to employee retirement or own financial needs.

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