Chongqing Water Asset Management Co., Ltd. acquired 4.64% stake in Chongqing Sanfeng Environmental Industry Group Co., Ltd. for approximately CNY 130 million on December 10, 2012. Chongqing Water Asset acquired 50 million shares in Chongqing Sanfeng.

Chongqing Water Asset Management Co., Ltd. completed the acquisition of 4.64% stake in Chongqing Sanfeng Environmental Industry Group Co., Ltd. on December 10, 2012.