Beijing Enterprises Water Group Limited announced that the Company completed the issue of 2024 Medium-term Notes Series 2 to qualified investors on 18 April 2024. The aggregate principal of 2024 Medium-term Notes Series 2 is RMB 0.5 billion with a term of 5+N years. The term of 2024 Medium-term Notes Series 2 is existing until redemption by the Company and are due upon redemption by the Company in accordance with the terms of the issuance. According to the results of book building, the coupon rate of the first five interest-bearing years of 2024 Medium-term Notes Series 2 is 2.68% per annum, which will remain unchanged during the first five interest-bearing years. The end of the fifth interest-bearing year is the first reset date of coupon rate. From the sixth interest-bearing year, the coupon rate is reset every five years. The reset date of coupon rate is the corresponding day of
every five years from the first reset date of coupon rate. The reset date of each coupon rate shall be the redemption date. The Company has the right to choose to redeem the principal at the face value plus accrued interest (including all deferred interest and interest accrued (if any)) on the first reset date of the coupon rate of the 2024 Medium-term Notes Series 2 and every subsequent interest payment date. The proceeds from the issue of 2024 Medium-term Notes Series 2 are intended to be used to repay existing loans.