GDI (00270) Announces Two Proposed Acquisitions and Schedules Extraordinary General Meeting

Bulletin Express11-20

Guangdong Investment Limited (the “Company”, stock code: 00270) released a circular highlighting two discloseable and connected transactions, ongoing connected transactions post-completion, re-election of directors, and a notice for an extraordinary general meeting (“EGM”). The targeted acquisitions involve equity interests in separate water resource companies, with the Company proposing to purchase ownership stakes from Guangdong Yuehai Water Co., Ltd., a connected person under applicable listing rules.

The first acquisition concerns a 51% stake in Yangjiang Guangdong Qingyuan Huanbao Co., Ltd. for RMB155,977,800. Upon completion, the total cash outlay of RMB187,113,912 includes the unpaid portion of registered capital for the seller. The second acquisition covers 2% of Shantou Guangdong Water Co., Ltd. at RMB70,876,400 in consideration, leading to a total RMB72,052,900 cash outlay after accounting for residual unpaid obligations. Both agreements stipulate possible price adjustments based on completion audits of net asset values.

After these transactions, the Company projects improved water treatment capacity by incorporating the Target Companies’ operations. Management underscores the strategic goal of expanding its water resources segment. Additionally, the circular details continuing connected transactions, referencing existing financial, support service, and solar power plant agreements set to remain in force post-acquisition.

The circular also indicates the re-election of two directors, requiring shareholders’ approval at the upcoming EGM. The EGM is scheduled on Monday, 8 December 2025 at 4:00 p.m., to be conducted virtually. Shareholders should consult officially provided proxy materials for participation instructions, including online voting and question submission through the designated portal. Completion of the relevant proxy form at least 48 hours before the EGM is required for voting representation. The circular emphasizes that these connected and discloseable acquisitions remain subject to approval by independent shareholders, with controlling shareholders abstaining from voting.

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