On May 8, 2019, China Everbright Water Limited (“Everbright Water”, 1857.HK) successfully dual primary listed on the main board of Hong Kong Stock Exchange after its listing on SGX in 2014 . The offering size is 103,970,000 shares, representing 3.74% of the enlarged capital (assuming the Over-Allotment Option is not exercised), or 119,565,000 shares, representing 4.28% of the enlarged capital (assume the Over-Allotment Option is fully exercised). The final offer price was determined at HK$2.99 per share, and net proceeds from the Global Offering is estimated to be HK$252 million (assuming the Over-Allotment Option is not exercised), or HK$308 million (assuming the Over-Allotment Option is fully exercised). Everbright Water is a leading integrated water environmental solutions provider in China, CICC acts as leading sponsor, joint Global Coordinator, joint Bookrunner and joint lead manager of this IPO.

Everbright Water is a leading integrated water environmental solutions provider in the PRC. Its controlling shareholder, China Everbright International (257.HK) is a leading environmental brand in China, controlling Everbright Water, which mainly provides wastewater treatment and integrated water environmental solutions, and China Everbright Greentech Limited (1257.HK), which provides integrated biomass treatment business.

Everbright Water provides a comprehensive range of environmental water services, including wastewater treatment, water environment treatment, integrated utilization of water resources and water ecological protection. According to Frost & Sullivan, the Company is the largest Central State-Owned Enterprise operating in the wastewater treatment industry in the PRC, and the third largest wastewater treatment service provider in the Bohai Economic Rim.

The transaction is another important transaction completed by CICC for companies under China Everbright Group, other than the spin-off IPO of China Everbright Greentech, A share/H share IPO/convertible bond issuance of China Everbright Bank, rights issue of China Everbright International, Hong Kong IPO and convertible bond of China Aircraft Leasing Group Holdings Limited, etc. The transaction is the 19th project done by CICC for China Everbright Group in the past 13 years, which further underpins the long-term, stable relationship between China Everbright Group and CICC, and lays a solid foundation for further cooperation between China Everbright Group and CICC.