China Everbright Water Issues Corrigendum to FY2025 Annual Results and Report
China Everbright Water Issues Corrigendum to FY2025 Annual Results and Annual Report
Date: 13 April 2026
Location: Hong Kong and Singapore
Key Highlights
- China Everbright Water Limited (“the Company”) has issued a formal corrigendum to its previously released FY2025 annual results and annual report.
- The amendments relate specifically to the disclosure of Interested Person Transactions (“IPTs”) conducted under the general mandate, as well as the inclusion of a related party finance cost.
- These changes may be considered significant for investors as they affect disclosures concerning related party transactions and could impact the transparency of the Company’s dealings with its controlling shareholder and associates.
Details of the Corrigendum
The Company clarified and corrected information initially published on page 46 of the FY2025 Annual Results and page 155 of the FY2025 Annual Report:
- Revised Aggregate Value of IPTs: The aggregate value of all IPTs conducted with China Everbright Environment Group Limited (“Everbright Environment”) under the renewed general mandate at the AGM on 23 April 2025 was corrected from HK\$210,591,000 to HK\$201,591,000 (equivalent to SGD33,846,000). This is a material adjustment and may influence investors’ assessment of the Company’s related party exposure.
- Additional Disclosure of Finance Cost: The finance cost of HK\$1,027,000 (SGD172,000) charged by a related party bank, China Everbright Bank Company Limited, was not previously disclosed as an IPT under the mandate in the summary table. This amount has now been properly classified and included.
Updated IPT Table
| Name of Interested Person |
Nature of Relationship |
Aggregate Value of All IPTs (excluding those under Mandate & less than SGD100,000) |
Aggregate Value of IPTs under Mandate (excluding less than SGD100,000) |
| Everbright Environment |
Controlling shareholder |
Nil |
HK\$201,591,000 (SGD33,846,000) |
| Sun Life Everbright Life Insurance Co., Ltd. |
Associate of controlling shareholder |
Nil |
HK\$16,185,000 (SGD2,717,000) |
| Everbright Securities Company Limited |
Associate of controlling shareholder |
Nil |
HK\$4,157,000 (SGD698,000) |
| China CYTS Tours Holding Co., Ltd. |
Associate of controlling shareholder |
HK\$778,000 (SGD131,000) |
Nil |
| China Everbright Bank Company Limited |
Associate of controlling shareholder |
Nil |
HK\$1,027,000 (SGD172,000) |
Other Important Information for Shareholders
- All other disclosures, including those under Note 36(d) to the financial statements, are confirmed as accurate and remain unchanged.
- No other sections of the FY2025 Annual Results or Annual Report are affected by this corrigendum.
- The Company’s Board composition remains as previously stated, with a mix of executive, non-executive, and independent directors.
Potential Impact on Share Value
The adjustment to the aggregate value of interested person transactions and the clarification of related party finance costs may be considered material for shareholders and investors. Such disclosures are critical for evaluating the Company’s governance, transparency, and the extent of related party dealings, which can influence investor confidence and potentially move the Company’s share price.
Investors are advised to review these corrections carefully in the context of their investment decisions, particularly those with concerns regarding related party transactions and corporate governance.
Disclaimer: This article is a summary and interpretation of a formal company announcement. It is not investment advice. Investors should refer to the original documents and consult their financial advisors before making any investment decisions.
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