China Everbright Water Limited Publishes 2025 Full-Year Report for Medium Term Notes

Date: 30 April 2026

Key Highlights from the Report

• Multiple Tranches of Medium Term Notes (MTNs) Issued:
  • 2023 Issuances:
    • First Tranche: RMB1 billion (Abbreviation: 23 MTN001; Code: 102380899), with RMB920 million still outstanding.
    • Second Tranche: RMB1.5 billion (Abbreviation: 23 MTN002; Code: 102381697).
    • Third Tranche: RMB1 billion (Abbreviation: 23 MTN003; Code: 102382170).
  • 2024 Issuance:
    • First Tranche: RMB1.5 billion (Abbreviation: 24 MTN001; Code: 102480045).
  • 2025 Planned Issuances:
    • First Tranche: RMB1.5 billion (Abbreviation: 25 MTN001; Code: 102501127).
    • Second Tranche: RMB1 billion (Abbreviation: 25 MTN002; Code: 102501303).
    • Third Tranche: RMB700 million (Abbreviation: 25 MTN003; Code: 102501386).

  The MTNs were targeted at institutional investors in China’s inter-bank bond market.

Key Corporate and Financial Updates for Shareholders

• No Deviation in Use of Proceeds:
  The Company confirmed that all funds raised from the MTN issuances have been used as intended, with no deviation from previously disclosed plans. This consistency ensures investors of the company’s transparency and prudent financial management.
• Stable Ownership Structure:
  There have been no changes in the controlling shareholder structure. China Everbright Environment Group Limited remains the controlling shareholder, and China Everbright Group Ltd. continues to control Everbright Environment. Both entities operate independently with respect to assets, personnel, organization, finances, and business. This stability minimizes uncertainty regarding strategic direction and governance.
• No Legal or Regulatory Breaches:
  The company reported no violations of laws, regulations, or its own Memorandum of Association and Bye-Laws in relation to the issued MTNs, which is a positive signal for risk-averse investors.
• No Major Changes in Core Business or Industry Position:
  The Company’s main businesses, business development goals, industry conditions, and status remain unchanged. This suggests operational stability and a predictable business environment.
• Credit Ratings Remain Unchanged:
  There have been no changes to the credit ratings of either the Company or the issued MTNs as disclosed in announcements dated 30 May 2025 and 3 June 2025. Stable credit ratings are crucial for maintaining borrowing costs and investor confidence.
• No Changes in Credit Enhancement or Repayment Measures:
  As of the end of the reporting period, the Company’s credit enhancement measures and other repayment safeguards for the MTNs remain unchanged, indicating a continued commitment to fulfilling its debt obligations.
• Audited Financial Results Released:
  The report includes extracts of the audited financial results for the year ended 31 December 2025, providing transparency into the Company’s financial health and performance.

Access to Full Report

Investors and stakeholders can access the full 2025 Full-Year Report on the following platforms:

• Beijing Financial Assets Exchange: https://www.cfae.cn/
• Shanghai Clearing House: https://www.shclearing.com.cn/
• China Foreign Exchange Trade System and National Interbank Funding Center: https://www.chinamoney.com.cn/

Potential Price-Sensitive Information

• The confirmation of no deviation in the use of proceeds, no ownership changes, and unchanged credit ratings are positive signals that could reinforce market confidence and support share prices.
• The absence of legal or regulatory issues, and continued business stability, further enhances the Company’s risk profile.
• Investors should monitor any future changes in these areas, as they could have a material impact on share value.

Disclaimer: The above article is based on official disclosures by China Everbright Water Limited and is provided for informational purposes only. It does not constitute investment advice. Investors should review the full report and consult their financial advisors before making any investment decisions. Neither the author nor the publisher is responsible for any losses resulting from reliance on this information.

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