According to the China Water Services announcement, the company and the annual audit accountant responded to the Shanghai Stock Exchange's 2025 annual report regulatory inquiry letter. Due to the inability to obtain complete and reliable financial information from Huiyuan, Beijing, the annual audit accountant issued reservations about the company's financial report and was unable to express an opinion on the issuance of internal control. The company confirmed zero investment income related to Beijing Huiyuan in 2025, calculated asset impairment losses of 155 million yuan, and wrote down the book value of long-term equity investments to 930 million yuan in investment costs. Beijing Huiyuan's cumulative non-net profit deducted for 2023-2025 was estimated at 865 million yuan without a special audit. Fewer than 1 billion yuan has already triggered the repurchase clause. Due to Wensheng Asset's debt problems, the company has not requested a repurchase yet, and will reserve relevant rights in the future.

According to the China Water Services announcement, the company and the annual audit accountant responded to the Shanghai Stock Exchange's 2025 annual report regulatory inquiry letter. Due to the inability to obtain complete and reliable financial information from Huiyuan, Beijing, the annual audit accountant issued reservations about the company's financial report and was unable to express an opinion on the issuance of internal control. The company confirmed zero investment income related to Beijing Huiyuan in 2025, calculated asset impairment losses of 155 million yuan, and wrote down the book value of long-term equity investments to 930 million yuan in investment costs. Beijing Huiyuan's cumulative non-net profit deducted for 2023-2025 was estimated at 865 million yuan without a special audit. Fewer than 1 billion yuan has already triggered the repurchase clause. Due to Wensheng Asset's debt problems, the company has not requested a repurchase yet, and will reserve relevant rights in the future.