Bishuiyuan **recently purchased 79,674,730 shares of Yingde Gas

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　 On the morning of the 7th, Bishuiyuan announced that on November 5th, its wholly-owned subsidiary, Bishuiyuan ** Environmental Protection Co., Ltd. (hereinafter referred to as “Bishuiyuan **”), signed a subscription agreement with Yingde Gas Group Co., Ltd. (hereinafter referred to as “Yingde Gas”, stock code: 02168). Under this agreement, Bishuiyuan ** agreed to purchase 378,000,000 shares issued in a private placement by Yingde Gas, a company listed on the main board, in cash; the total amount paid for these shares was HK$1,209,600,000. 　　This is because Bishuiyuan has recently purchased 79,674,730 shares of Yingde Gas, accounting for 4.21% of Yingde Gas’ total share capital prior to the additional issuance. Following this subscription, Bishuiyuan will hold 457,674,730 shares of Yingde Gas, accounting for 20.17% of the total share capital of Yingde Gas after this private offering, thus becoming its largest shareholder. Bishuiyuan stated that this has enabled the company to gain access to international capital markets, which is conducive to its further expansion of overseas operations and has also provided experience for the company to carry out overseas mergers and acquisitions. Yingde Gas is the largest independent industrial gas supplier in China, and by holding stakes in leading companies in the industry, it has **strengthened its capabilities. At the same time, through this strategic investment, the company will enter the energy industry value chain. By addressing issues at the source of air pollution, it will be able to consolidate resources in the field of energy conservation and environmental protection, leverage synergistic effects, and further expand its business in this sector, including air pollution control.