Tianjin Capital Environmental Protection extends ¥40m loan to subsidiary

Tianjin Capital Environmental Protection Group Company Limited announced on November 17, 2025, that its board approved a ¥40,000,000 loan to Hebei Guojin Tianchuang Sewage Treatment Company Limited (HBGJTC) for three years. HBGJTC, a non-wholly owned subsidiary, applied for the loan to replenish its daily operating capital, citing insufficient collection of local sewage treatment service fees. The loan's interest rate is fixed at 3.5% per annum, determined through arm's length negotiation.

This transaction is deemed a connected transaction under Chapter 14A of the Listing Rules because HBGJTC is a connected subsidiary and connected person of the company. Tianjin Infrastructure Construction, the company's ultimate holding company, holds a 40% equity interest in Hebei Guokong, which in turn holds a 30% equity interest in HBGJTC.

As the aggregated percentage ratios for this and a prior loan agreement with HBGJTC exceed 0.1% but are less than 5%, the transaction is subject only to reporting and announcement requirements. Executive director Tang Fusheng and non-executive directors Wang Yongwei and An Pindong abstained from voting due to their connection with Tianjin Infrastructure Construction.