Summary by Moomoo AI
China Water Affairs Group Limited ("China Water Affairs") announced on September 11, 2024 that the proposed spin-off plan for its subsidiary Silver Dragon Water Supply Group Limited to independently list on the main board of the Hong Kong Stock Exchange has been suspended. This decision was made after careful consideration of the company's development strategy and the recent capital market environment. The board of directors of China Water Affairs stated that the suspension of the spin-off will not cause significant adverse effects on the company's financial condition or operations. Shareholders and other investors are reminded to exercise caution when trading the company's securities.