The Singapore Exchange Securities Trading Limited (the "SGX"), Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited (the "SEHK") take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

SIIC ENVIRONMENT HOLDINGS LTD.

上海實業環境控股有限公司*

(Incorporated in the Republic of Singapore with limited liability)

(Hong Kong stock code: 807)

(Singapore stock code: BHK)

(A)INCREASE IN REGISTERED SHARE CAPITAL OF SUBSIDIARY; AND

(B)DEREGISTRATION OF SUBSIDIARY

The board (the "Board") of directors (the "Directors") of SIIC ENVIRONMENT HOLDINGS LTD. ("SIIC Environment" or the "Company", together with its subsidiaries, the "Group") is pleased to announce that:

  1. Increase in registered share capital of subsidiary, Pinghu Dushan Wastewater Treatment Co., Ltd. ("Pinghu Dushan")

The Company's indirect 92.15% owned subsidiary, Fudan Water Engineering and Technology Co., Ltd ("Fudan Water") has increased its wholly-owned subsidiary, Pinghu Dushan's registered capital from RMB 123.05 million to RMB 271.5 million ("Increase in Share Capital").

Upon completion of the Increase in Share Capital, the shareholding of Fudan Water in Pinghu Dushan would remain unchanged as 100%.

The Increase in Share Capital is funded through the Group's internal resource.

  1. Deregistration of Subsidiary

The Company's indirect 57.9687% owned subsidiary, Longjiang Environmental Protection Group Co., Ltd. has deregistered its branch company, Hulan Branch of Longjiang Environmental Protection Group Co., Ltd. ("Deregistration"), a company incorporated in the People's Republic of China.

The Increase in Share Capital and Deregistration are not expected to have any material impact on the net tangible assets and earnings per share of the Company for the financial year ending 31 December 2021.

None of the Directors, controlling shareholders or substantial shareholders of the Company has any interest, direct or indirect, in the Increase in Share Capital and Deregistration, save for their shareholdings in the Company.

By Order of the Board

SIIC ENVIRONMENT HOLDINGS LTD.

Mr. Yang Jianwei

Executive Director

Hong Kong and Singapore, 21 July 2021

As at the date of this announcement, the non-executive Chairman is Mr. Zhou Jun; the executive Directors are Mr. Yang Jianwei, Mr. Zhu Dazhi, Mr. Xu Xiaobing, Mr. Huang Hanguang and Mr. Zhao Youmin; and the independent non-executive Directors are Mr. Yeo Guat Kwang, Mr. An Hongjun and Mr. Zhong Ming.

  • For identification purpose only

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SIIC Environment Holdings Ltd. published this content on 21 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 July 2021 13:56:36 UTC.