Heilongjiang Interchina Watertreatment Co Ltd Completes Share Issuance through Private Placement

Heilongjiang Interchina Watertreatment Co Ltd announced that it has completed its private placement of 155,024,691 A shares of common stock with par value of RMB 1 per share at RMB 8.10 per share, to eight companies including Huashang Fund Management Co., Ltd., Manulife Teda Fund Management Co., Ltd. and China Asset Management Co., Ltd. The Company has raised RMB 1,255,699,997.10 in total through the private placement with China Minzu Securities Co., Ltd. as the main underwriter. As a result, the Company's top shareholder, a Tianjin-based water supply company, has its stake decreased from 28.02% (119,725,000 shares) to 20.56% (119,725,000 shares), Rongtong Fund Management Co., Ltd. is holding a 5.15% stake (30,000,000 shares), Chang Xin Asset Management Co., Ltd. is holding a 4.89% stake (28,500,000 shares) and Manulife Teda Fund Management Co., Ltd. is holding a 3.30% stake (19,200,000 shares) in the Company.